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-shaped relationship between political liberalization and growth is found, such that a rise in democracy levels promotes growth only under … surprisingly small coefficients. -- Transition Economics ; Public Choice ; Democracy ; Growth …This paper revisits the relation between democracy, liberalization, and prosperity in transition countries, using a …
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divergence in democracy and political rights is 4 to 5 times larger than the divergence in the path toward economic freedom and … ease of doing business. Democracy is not harder to predict than economic freedom — history and ethnicity predict it well …
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