positive association between democracy and economic growth is driven by endogenous democratization episodes (i.e., due to …This article challenges recent findings that democracy has sizable effects on economic growth. As extensive political … paper focuses on this endogeneity concern. Using a worldwide survey of 165 country-specific democracy experts conducted for …

study of the dissertation investigates the effect of income on democracy, based on the premise that the theory of critical … democracy. With respect to risky choice behavior, a multitude of empirical evidence shows the disconformity of human behavior … with the theory of expected utility. The present study reviews recent trends in the modeling of decision theories, with a …

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 …