This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960 … support. These findings are robust to, among others, using night-lights instead of GDP, different democracy measures and …

intermediate democracy level. For more evolved democracies, further democratization may impact growth negatively, negligibly or …This paper attempts to model the relationship between economic growth and democratization, with an emphasis on non …-linearities. I adopt and explore the concept of “political capital” as a measure of democracy, which is extremely uncommon in the …

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 …

Does democracy promote economic growth? There is still an ongoing debate over the economic implications of democracy …, and this question has gained critical importance particularly in the African context, where a wave of democratization in … 43 countries in sub-Saharan Africa for the period of 1982-2012, we find strong evidence that democracy is positively …