The main focus of this paper is the impact of efficiency losses, related to public capital stock, on the prospects of … economic growth in democratic and autocratic political environments. We introduce a distinction between two types of efficiency … depreciation. We demonstrate that the decrease in efficiency of any type makes the probability of long-run growth higher for …

unterschiedlichem Tempo und sequencing den Weg zu Demokratie und einer marktwirtschaftlichen Wirtschaftsordnung. Die polit … die Frage, ob die Einführung von Demokratie angesichts umfassender ökonomischer Reformen nicht besser verzögert werden … sollte. Nach einer theoretischen Betrachtung von Governance, Demokratie und Reformen folgt in diesem Beitrag ein Überblick …

reformulated standard theory to achieve policy relevance, focusing on significant rent-seeking inefficiencies stemming from private …

We examine the proposition that, in co-operatives, the need for democracy must clash with efficiency demands. To shed …-operative banks in Finland. We conclude that the evidence for an alleged inexorable trade-off between democracy and efficiency is not …

, however, which can explain why this redistribution often takes an inefficient form. In this paper we develop a theory of why …

disenchantment with democracy at the beginning of the XXI Century? This article analysizes these questions and reaches a negative … transformed by marginal, gradual, evolutionary change, supported by strong coalitions of citizens. The future of democracy and …

democracy on economic performance, providing evidence of a non-linear relationship between democracy and economic growth …. Regions with high levels of democracy, as well as strong autocracies, perform better than hybrid regimes. Second, this article …

a tumultuous half-century in which the region went from backwater to breadbasket, from dictatorship to democracy, and …