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appears to have caused a high degree of economic inequality, and democratization in the form of franchise expansion has … between other measures of democracy, based on civil liberties and political rights, and inequality. The transition experience … ideology and social values. …
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, multinational enterprises rather appear to be attracted by countries in which civil and political freedom is respected. Our finding …
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more lenient and child labor thus more prevalent than in countries enjoying political freedom. We test this implication and …
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In this paper we present a political economy approach in order to explain the degree of financial openness for an economy. In the model, entrepreneurs, who may have good or bad projects, vote for policies, which are proposed by selfish politicians. Two political frictions (ideological adherence...
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