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institutions, as witnessed recently in many countries, may jeopardise the perpetual growth effect of becoming a liberal democracy …Recent empirical work has established that 'democracy causes growth'. In this paper, we determine the underlying … institutions which drive this relationship using data from the Varieties of Democracy project. We sketch how incentives and …
Persistent link: https://www.econbiz.de/10014334859
Persistent link: https://www.econbiz.de/10012664610
produces upward-biased OLS and 2SLS estimates. The results of an analysis of the effect of democracy on economic growth show …We compile data for 186 countries (1919 - 2016) and apply different aggregation methods to create new democracy indices …
Persistent link: https://www.econbiz.de/10011966711
institutions, natural resource rents cease to have a negative impact on long-term growth. Institutions in resource-based economies … foster economic growth when voice and accountability are in place; broad-based rule of law is enforced with secure property …
Persistent link: https://www.econbiz.de/10011472013
democracy (186 countries, 1960-2014). The method takes its name from a machine learning technique for pattern recognition and … creates continuous and dichotomous indices. We use the SVM indices to investigate the effect of democratic institutions on … results are affected by conceptual and methodological changes in the measure of democracy. In particular, we show that …
Persistent link: https://www.econbiz.de/10011804191
institutions and governance on environmental policy, environmental outcomes, and investments. The paper describes how the … relationship between institutions and various response variables related to environmental performance and environmental policy have …
Persistent link: https://www.econbiz.de/10011485706
Increasing the realism with respect to the representation of actors, decision-making, and institutions is critical to … better understand the transition towards a low-carbon sustainable society since actors, decision-making, and institutions are …
Persistent link: https://www.econbiz.de/10011715004
(Islamic) law. These theories take as exogenous the cultural values that complement the prevailing institutions. As a result … institutional environment. In this paper, we address these issues by modeling the joint evolution of institutions and culture. In …
Persistent link: https://www.econbiz.de/10012433961
institutions, and are robust to the use of alternative data and estimation techniques. -- critical junctures ; democracy ; economic … 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 …
Persistent link: https://www.econbiz.de/10009679601
African countries for the period 1994-2010. Political regimes of democracy, polity and autocracy are instrumented with income … that democracy has an edge over autocracy while the latter and polity overlap. As a policy implication, democracy once …
Persistent link: https://www.econbiz.de/10011496387