This paper studies the effect of political stability and governance on economic development by consulting the literature, examining the data, and through empirical estimations. Additionally, further attention is paid to the role of political leadership and democratic institutions. The empirical...

"This book represents an initial attempt to compare China, Japan, and South Korea, three close geographical and cultural neighbors whose developmental trajectories, though divergent in the past, have been moving more recently toward convergence"--

This paper presents a positive model which shows that institutional setups on capital and labor markets might be intertwined by politicoeconomic forces. Two politicoeconomic equilibria arise from our model, one with little protection of insiders on capital and labor markets, and another one with...