-term growth. Once unobserved country-specific effects and other sources of endogeneity are accounted for, political institutions … affect growth through their interaction with crises. The results suggest that only countries with strong democracies, high … opportunities to enhance long-term output per capita and productivity growth. …

non-hostile country. The result is a non-monotonic relationship between democracy and peace. Using the Polity IV dataset …

Does democracy increase economic growth? Previous literature tends to find a positive effect but does also suffer from … impact on economic growth. This paper narrows down the question to empirically estimating the causal effect of local … elections on local economic growth in Indonesia by using a quasi-experimental research method. The first direct elections of …

. We find that emigration and human capital both increase democracy and economic freedom. This implies that unskilled …

individuals and the prevailing unemployment rate in the country impact perceptions of the effectiveness of democracy. We find that … personal joblessness experience translates into negative opinions about the effectiveness of democracy, and it increases the … year is the main source of the impact. Joblessness-related negative attitude towards the effectiveness of democracy is not …

This paper examines the causal link between education and democracy. Motivated by a model whereby educated individuals … are in a better position to assess the effects of public policies and hence favor democracy where their opinions matter … results hold across countries with different levels of democracy, thus rejecting the hypothesis that indoctrination through …

Democracy is defined by two core tenets: voice and pluralism. Within these constraints, a wide variety of regime types … can be designed. We show that the only new, untested form of democracy is when every citizen is governed by the political … one sovereign only over the people who chose to vote for it - hence the name: Choice Democracy. Choice Democracy can be …

This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate … to the relative size of the countries' GDP. We conclude that the continuation of the fast growth rate of China, while … last resort, the Chinese growth path would be challenged by its own success. …

dense population, and a state-level polity is associated with a higher income and more rapid economic growth in the late 20 … core countries involving higher growth nearer their west European and east Asian poles. We also find that ethnic …

Paper reviews India's growth performance since independence. Phrases suchas "Hindu Rate of Growth," sometimes make a … attention on the wrong issue. There is nothing in the literature that suggeststhat this period of the "Hindu Rate of Growth" had … allows a statistically more accurate determination of thedifferent phases of Indian economic growth. The paper confirms that …