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This paper examines the relationship between political competition and financial development across a global sample of 127 countries, with a particular focus on developed and democratic OECD countries. Building on the theoretical frameworks of Acemoglu and Robinson (2006) and Besley et al....
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positive association between democracy and economic growth is driven by endogenous democratization episodes (i.e., due to …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 …
Persistent link: https://www.econbiz.de/10011521223
Independently of the fact that the replacement of overtly authoritarian regimes in many African countries appeared to presage fundamental political change, a closer examination of democratic trends since the establishment of the African Union (AU) paints a less promising picture. In this paper,...
Persistent link: https://www.econbiz.de/10010496295
considered. Under certain circumstances, a process of full democratization is argued not to represent an optimal choice for the …
Persistent link: https://www.econbiz.de/10009535530
This working paper advances research on inequality with unique, new data on income distribution in 61 countries, including 20 Latin American countries, to explore the effects of political parties on redistribution. First, consistent with a central, but still contested, assumption of the...
Persistent link: https://www.econbiz.de/10011290253
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two views. Property rights do affect development as suggested by the PoI. However, democracy is mainly an effect of …
Persistent link: https://www.econbiz.de/10010265602