We present a simple model that illustrates how democracy may improve the quality of economic institutions. The model … further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect … of democracy on institutional quality is increasing in people's human capital. Using a new panel data set, covering 140 …

This paper develops a comprehensive theory of support for democracy. Building on instrumental and culturalist … approaches, the theory argues that experience with democracy conditions the extent to which economic and political performance … democracy grows older, while the opposite should be true about political performance. These arguments are evaluated using …

whether oil affects democratic institutions. We further the debate through the use of additional measures of democracy and …

We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies … on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country … fixed effects and the rich dynamics of GDP, which otherwise confound the effect of democracy on economic growth. Our …

This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980-2014 show that democracy had a robust positive impact on economic …

This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980-2014 show that democracy had a robust positive impact on economic …