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 …

democratization has a sizeable negative effect on loan spreads: a one-point increase in the zero-to-ten Polity IV index of democracy …

religious and imperial history on economic evolution. As a result, the divergence in democracy and political rights is 4 to 5 … times larger than the divergence in the path towards economic freedom and ease of doing business. Democracy is not harder to …

matter in Latin America in the last 30 years) were based on the idea of liberal democracy. First, all countries share a … third wave of democracy, which places them at a specific period in time. Third, each country has been experimenting with … introduction of the so called socialism of the XXI century. Primarily, because during this period liberal democracy was the model …

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 …