There are many stories of democracy but little consensus over which variables robustly determine its emergence and … million regressions. The most robust determinants of the transition to democracy are GDP growth (a negative effect), past … countries are less likely to see democracy emerge, although the latter finding is driven entirely by oil producing Muslim …

level of the gross domestic product, economic openness, democracy index, human capital, physical capital, and foreign direct … proportional to the initial level of GDP and the democracy index. Furthermore, cluster analysis showed that the historical division …

-linearities. I adopt and explore the concept of “political capital” as a measure of democracy, which is extremely uncommon in the … intermediate democracy level. For more evolved democracies, further democratization may impact growth negatively, negligibly or … when accounting for more and less direct effects of democracy. Results for the more direct avenue are more optimistic …

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 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 …

the data. The population growth rate negatively affects economic growth for all economies, but democracy has mixed effects …