the relation of democracy and the level (or rate of growth) of GDP per capita is presented in this paper. We then explore … the relation between democracy on the one hand and economic growth or the level of GDP per capita on the other hand in 30 … unterschiedlichem Tempo und sequencing den Weg zu Demokratie und einer marktwirtschaftlichen Wirtschaftsordnung. Die polit …

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

Using a new set of micro evidence from an original survey of 28 transition countries, we show that democracy increases … reformist parties in the former socialist block lies in a deepening of democracy. …

liberalization. Second, democracy has a negative effect on growth during the contraction, whereas its effect appears insignificant … liberalization generally has positive effect on growth even when controlling for initial conditions. The effect is U-shaped during … the reform falls with unemployment and increases with economic growth, output level relative to 1989, and, surprisingly …

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

This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social … fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries … the security of property rights has played a critical role in promoting economic growth. Ethnic heterogeneity has been a …

explain why presidential democracy leads to faster growth than parliamentary democracy. Third, it is important to distinguish … growth effect of democracy. …Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited …

This paper examines the impact of oil on economic growth in transition economies of the former Soviet Union (FSU) and … has had strong and robust positive growth effects between 1990-2006. This is confirmed when we consider the different oil … ownership structures. Additionally, we find that privatization levels have had positive growth effects, while privatization …

-term growth. Once unobserved country-specific effects and other sources of endogeneity are accounted for, political institutions … affect growth through their interaction with crises. The results suggest that only countries with strong democracies, high … opportunities to enhance long-term output per capita and productivity growth. …

subjects may exit. In a simple model, both kinds of competition are substitutes. Internal competition (democracy) benefits … democracy, and rulers are less eager to oppose it, when external competition is high. In a panel of countries, there are fewer … changes towards democracy when states have low GDP relative to their neighbours. …