explains why: Party volatility follows from pursuing distinct executive and legislative agendas under divided governments; the …, to underscore that ambition underlies party volatility and a divided government …

volatility as a two-equation system, and find that higher levels of democracy and diversification lower volatility, whereas … volatility itself reduces growth. Muslim countries instrument for democracy, and measures of diversification identify volatility … than focus on growth, this paper forges an alternative link between democracy and development through the volatility …