the amount of resource rent that leaves the country) and economic development, considering the cases of democracy and … always benefit the incumbent, whether the country is a democracy or an autocracy. We then suggest that the relation between …

years. Democratic capital -- measured by a nation's historical experience with democracy and by the incidence of democracy … in its neighborhood -- reduces the exit rate from democracy and raises the exit rate from autocracy. In democracies, a …, promoting economic development jointly with the consolidation of democracy …

of democracy (rather than democracy vs. non-democracy) has important consequences for the adoption of structural polices … opposed to majoritarian) and permanent (as opposed to temporary) democracy appear to produce the most growth …

We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies … on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country … fixed effects and the rich dynamics of GDP, which otherwise confound the effect of democracy on economic growth. Our …

This paper addresses the interactions between globalization, the quality of democracy, and economic convergence using … simultaneous estimation techniques. To reflect process, we use multi-dimensional, de facto, and continuous measures of democracy … the income frontier. Using this measure of development, we extend the test for the two-way relationship between democracy …