social democracy? And, is it any longer possible to promote a significant redistribution of income in favour of labour …

This article challenges recent findings that democracy has sizable effects on economic growth. As extensive political … paper focuses on this endogeneity concern. Using a worldwide survey of 165 country-specific democracy experts conducted for … these more exogenous democratizations strongly indicates that democracy does not cause growth. Consequently, the common …

Broadening democracy by lowering the voting age is on the political agenda in many democratic societies. Previous … democracy proxied by the strength of direct democratic institutions and (ii) the size of the new electorate. Our results provide … democracy and affects citizens' willingness to lower the voting age. Moreover, we find systematic price reactions of present …

This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and …, and back to restoring market incentives. The grand experiment of communism is thus characterized to have led to the … discovery of a trade-off between equality and efficiency at the scale of alternative economic systems. -- Capitalism ; Communism …

two views. Property rights do affect development as suggested by the PoI. However, democracy is mainly an effect of …