This paper investigates the empirical role of violent conflicts for the causal effect of democracy on economic growth …. Exploiting within-country variation to identify the effect of democratization during the "Third Wave", we find evidence that the … effect of democratization is weaker than reported previously once one accounts for the incidence of conflict, while the …

This paper investigates the empirical role of violent conflicts for the causal effect of democracy on economic growth …. Exploiting within-country variation to identify the effect of democratization during the Third Wave, we find evidence that the … effect of democratization is weaker than reported previously once one accounts for the incidence of conflict, while the …

liberalizations correspond to the event of becoming a democracy. Using a difference-indifference estimation, we ask what are the …

This paper empirically assesses how democratization affects real exchange rates. By doing this, we combine so far … separated strands of the economic literature and argue that democratization reduces currency undervaluation leading to a real … and significant finding: democratization causes real exchange rates to appreciate. Consequently, the ongoing process of …

positive association between democracy and economic growth is driven by endogenous democratization episodes (i.e., due to …This article challenges recent findings that democracy has sizable effects on economic growth. As extensive political … paper focuses on this endogeneity concern. Using a worldwide survey of 165 country-specific democracy experts conducted for …