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 …

measured by standard democracy indices). The results are robust to a wide range of specifications and estimation methods …

The paper provides a survey of theoretical and empirical literature on non-linear impact of democracy on economic … of some semi-democracies and semi-autocracies. Finally, it discusses the opportunity to test the growthand- democracy …

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 …

growth and of greater political participation on civil violence. Democracy is endogenous to economic growth and other …

This cursory literature review discusses the direct and indirect effects of institutions, governance, and democracy on …. Even reforms that are less than comprehensive can stimulate, though not sustain, growth. Second, democracy neither promotes … but not democracy does not. The difference may be partly due to negative effects on investment and labor supply as well as …

This paper explores the links between the level of per capita income, growth and democracy, a central issue in the … opposite hypothesis, according to which it is democracy that promotes growth and economic development. The theoretical … section explores the positive impact of democracy on human development, i.e. development considered as a multidimensional …

tries to identify the effect of democracy on economic prosperity, little work has been done to understand the determinants … of economic growth under democracy. This paper examines whether the determinants of economic growth in Latin America are …

positive correlation between income and democracy. …