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 …

tries to identify the effect of democracy on economic prosperity, little work has been done to understand the determinants … of economic growth under democracy. This paper examines whether the determinants of economic growth in Latin America are …