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This paper provides empirical evidence for the importance of institutions in determining the outcome of crises on long-term growth. Once unobserved country-specific effects and other sources of endogeneity are accounted for, political institutions affect growth through their interaction with...
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opportunities to enhance long-term output per capita and productivity growth. -- financial crises ; democracy ; political …
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Several studies have documented a negative relationship between democracy and volatility. The latter is usually … institutions, macroeconomic policies and financial development, we find that democracy is the most robust predictor of a country … entry for new firms. This leads to less sectoral diversification: fewer sectors are operated but more resources are …
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constitutional bill are impossible to establish, an analysis of the Icelandic constitution-writing efforts as 'digital democracy …
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To understand Iceland's political situation, it is necessary to consider the historical background to the post …
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