Jeitschko, Thomas D.; Linz, Susan J.; Noguera, Jose; … - In: Journal of Behavioral and Experimental Economics … 50 (2014) C, pp. 13-28
We develop a theoretical framework where the chance of any given democratic society maintaining its democratic status is determined by two key factors: economic security and democratic capital. Our model predicts democracy breakdown is more likely (1) the lower the level of democratic capital,...