there exists a distribution of resources such that democracy emerges in equilibrium, but there are distributions of … resources for which democracy is infeasible in equilibrium irrespective of the level of development. The model also delivers … results on the stability of democracy with regard to changes in the economic and demographic environment. The results are …

This paper studies the endogenous emergence of political regimes, in particular democracy, oligarchy and mass … democracy is the political outcome. This distribution is even independent of the particular development level if the income … democracy is infeasible in equilibrium irrespective of the level of development. The model also delivers results on the …

relationship according to which democracy is a determinant of economic development? Or is it, conversely, economic development that …

This paper studies the endogenous emergence of political regimes, in particular democracy, oligarchy and mass …. The main results imply that under any economic environment a distribution of resources exists such that democracy is the … sufficiently large. On the other hand, there are distributions of resources for which democracy is infeasible in equilibrium …

relationship according to which democracy is a determinant of economic development? Or is it, conversely, economic development that …-being. -- democracy ; development ; Lipset hypothesis ; causal effect ; growth ; political institutions …

This paper investigates the endogenous emergence of democracy and rule of law in an economy where heterogeneous …

democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on … democracy might differ systematically across countries. A replication of the estimation in a less restrictive empirical … framework provides evidence for significant but heterogeneous effects of income on democracy for former colonies and non …

democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on … democracy might differ systematically across countries. A replication of the estimation in a less restrictive empirical … framework provides evidence for significant but heterogeneous effects of income on democracy for former colonies and non …

democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on … democracy might differ systematically across countries. A replication of the estimation in a less restrictive empirical … framework provides evidence for significant but heterogeneous effects of income on democracy for former colonies and non …