conditional on beliefs about property rights enforcement. Democratization is endogenous, but the features of democracies are shown … to be crucially related to the conditions under which democratization initially takes place. Democratic transitions …

We study the process of endogenous democratization from inefficient oligarchic systems in an economy where … the conditions under which democratization initially takes place. The political regime and the extent of redistribution …

effects on regional peace and global security. The power transition perspective overstates the risk of conflict that results …, have negative consequences for regional peace. Three features of the international environment—democratization, economic … interdependence, and international institutions—provide weak insurance, at best, against conflict in Asia. Emerging Asian powers may …

We examine the impact of civil war on democratization. Using a theoretical bargaining model, we hypothesize that … prolonged violence, war termination, the presence of natural resources, and international intervention influence democratization … civil war lowers democratization in the succeeding period. This finding appears to be robust to conditioning, different …

This paper empirically assesses how democratization affects real exchange rates. Specifically, in line with the … democratic peace theory we argue that democratization reduces currency undervaluation, and thus, might bring misalignments in … results reveal that democratization causes real exchange rates to appreciate, lending empirical support to the democratic …

distribution model, and theoretically explore and empirically research how democratization in the host country influences the going …-out process of Chinese enterprises. The overall results show that democratization impedes the inflows of Chinese enterprises …’ cross-border M&A, because the higher the degree of democratization in the host country, the stronger the intensity of …

lower level of democratization and a higher level of marketization are more likely to participate in agreements within the …