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 …

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 …

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 …

Economists have a long argue that political process such as democracy and corruption are important for economic growth …. Our objective in this paper is to demonstrate that one of democracy's indirect posititive effects is its ability to …

of democracy in 1991. This paper examines the impact of democracy on economic growth in Bangladesh using a cointegrated … Vector Autoregressive model. Results suggest that democracy as practiced in Bangladesh does not seem to have a significantly …

The empirical growth literature gives no clear indication as to how democracy impacts growth; there is evidence of both … positive and negative effects and also of no direct link in democracy and growth nexus. In this study an attempt has been made …-specific effects but also allows us to analyse the impact of democracy on per capita GDP growth and the reverse causation from per …

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 …