also when controlling for possible endogeneity of liberalization in growth. (2) Democracy encourages liberalization … - countries which introduced greater democracy subsequently progress further in economic liberalization too. (3) Because of its … reinforcing effect on liberalization, democracy has a positive overall impact on growth. Nevertheless, the marginal effect of …

democracy and a market economy with different speed and sequencing. The related political-economy issues gave rise to an ongoing … debate on the question as to whether the introduction of democracy in view of comprehensive economic reforms may better be … delayed. After some theoretical considerations around governance, democracy, and reforms an overview of empirical studies on …

controlling for endogeneity of liberalization in growth). (2) Democracy facilitates economic liberalization. (3) Because of its … effect on liberalization, democracy has a positive overall effect on growth. Nevertheless, the marginal effect of democracy … subsequent democracy appears negative. (5) Economic performance is an important determinant of electoral outcomes and, in …

, specifically, the controversial question of the relationship between democracy and quality of life. Feng systematically studies … theory and country-specific case studies, Democracy, Governance, and Economic Performance demonstrates that political … the direct effects of the three key political variables on economic growth and the indirect effects of democracy in terms …