This paper returns to the discussion of how income inequality affects economic growth. The main argument is that economic freedom is likely to affect the association although the relations are theoretically ambiguous. In a panel of 300 observations from five-year periods across the 50 US states,...

This paper analyzes the interconnection between elites and its effects on economic growth. For decades, the bureaucratic elite has been joining the business elite after leaving office, and this in growing numbers. This relationship has been termed "the revolving door" in English, "pantouflage"...

Capital accumulation has long been considered one of the driving forces behind economic growth. The idea that democratic experience accumulates and depreciates like other forms of capital is a relatively unexplored idea. Much like financial and physical capital, it has been suggested that...

This paper analyzes the conflicts of interest arising from the "revolving door". The revolving door is a common phenomenon, and it is unlikely that most of it can be explained by "regulatory capture", a practice that is unlawful. Therefore, there is a need for a new framework. This paper...

The communist revolution brought unprecedented changes to China. Yet there is no consensus on its role in the history of China’s modern economic growth. We investigate whether local communist party membership affected developmental outcomes from 1957–78 (the Maoist period) and 1978–85 (the...

Empirical tests of the theories on the relationship between political competition and economic performance generate a puzzle: data tend to support the theory at the lower levels of government, but not in panels of countries. We argue that the larger set of policy instruments reduces the tax...