democracy (186 countries, 1960-2014). The method takes its name from a machine learning technique for pattern recognition and … creates continuous and dichotomous indices. We use the SVM indices to investigate the effect of democratic institutions on … results are affected by conceptual and methodological changes in the measure of democracy. In particular, we show that …

propensity to effect policies that favour the development of financial intermediary depth, activity and size. Democracy has … policies towards financial development. As a policy implication, once democracy is initiated, it should be accelerated (to edge …

components in the development of the continent: law, democracy and quality of government. Political regimes of democracy, polity …-stability, regulation quality and rule of law. Findings indicate democracy has an edge over autocracy while the later and polity overlap. A … democracy that takes into account only the voice of the majority is better in government quality than autocracy, while a …

fixed effects and the rich dynamics of GDP, which otherwise confound the effect of democracy on economic growth. Our …We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies … on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country …

of GDP growth. The paper finally suggests a positive correlation between democracy and economic development. …

This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960 … support. These findings are robust to, among others, using night-lights instead of GDP, different democracy measures and …

control group, I develop an empirical strategy that disentangles the partial effects of institutions and of endowments on … income. I find that institutions are the main determinant of development, but that endowments have a sizeable direct impact … mix up the effect of the historical determinants of institutions with the sizeable direct impact of access to trade and of …