different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an …

the expense of other industries, and political diversification through democracy aimed at encouraging pluralism and high … different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an … to economic development, including human and social capital. The need for diversification can be viewed in terms of …

Economic diversification has gained significant attention as a crucial factor for sustainable development worldwide … diversification for Mongolia. By comparing Mongolia with its designated aspirational and structural peers, the paper aims to shed … light on strategies that can foster economic and societal diversification in the country. Although Mongolia possesses …

opportunities to enhance long-term output per capita and productivity growth. -- financial crises ; democracy ; political …

Several studies have documented a negative relationship between democracy and volatility. The latter is usually … institutions, macroeconomic policies and financial development, we find that democracy is the most robust predictor of a country … entry for new firms. This leads to less sectoral diversification: fewer sectors are operated but more resources are …

Because excessive specialization can be risky, diversification matters for sustainable development. A case study of … Madagascar, this paper begins by briefly discussing economic and institutional diversification and presenting a simple model of … production possibilities to illuminate the possible contribution of diversification to economic and social development in …

Does democracy promote economic growth? There is still an ongoing debate over the economic implications of democracy … 43 countries in sub-Saharan Africa for the period of 1982-2012, we find strong evidence that democracy is positively …

This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980-2014 show that democracy had a robust positive impact on economic …