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 …. In contrast to the lack of consensus on the democracy-growth relationship, the democracy-stability link is robust. Rather …

generalized morality is constructed from data from the World Values Survey. One question examined is whether generalized morality …

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 …