the positive relationship between democracy and industrial diversification. … ask whether democracy also has a stabilizing effect on trend-volatility, i.e. whether more democratic countries experience … policies and financial development, we find that democracy is the most robust predictor of a country's propensity for growth …

measured by standard democracy indices). The results are robust to a wide range of specifications and estimation methods …

The paper provides a survey of theoretical and empirical literature on non-linear impact of democracy on economic … of some semi-democracies and semi-autocracies. Finally, it discusses the opportunity to test the growthand- democracy …

growth and of greater political participation on civil violence. Democracy is endogenous to economic growth and other …

This paper revisits the relation between democracy, liberalization, and prosperity in transition countries, using a …-shaped relationship between political liberalization and growth is found, such that a rise in democracy levels promotes growth only under … initially low democracy levels. Furthermore, economic and political liberalization turn out to be positively related, but with …

Does democracy increase economic growth? Previous literature tends to find a positive effect but does also suffer from …

This paper explores the empirical association between democracy and per capita output growth in Pakistan using data for … the period 1947 to 2006. The findings of the paper indicate a weak negative association between democracy and output … growth. Consistent with some current empirical literature, democracy is also found to influence output growth indirectly. The …

The aim of this paper is to trace, comparatively, the path of both development and democracy among Former Soviet … Republics (FSRs) and Central Eastern European Countries (CEECs). Democracy is defined using the concept of Dahl (1971) who … refers to “contestation” as the essential feature of democracy. Development is identified with the general progress of human …