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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 …
Persistent link: https://www.econbiz.de/10013412764
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
cleavages in society (Hegre et al, 2003; Bhagwati, 2004; Mousseau and Mousseau, 2008; Dreher et al, 2008). -- growth ; democracy …
Persistent link: https://www.econbiz.de/10009534885
Democracy's indicators and Economic Growth. Protection of the Private property rights requires, first and foremost, due … the free speech; religious freedom and other "political rights" should be respected. Democracy, as political competition …
Persistent link: https://www.econbiz.de/10014159690
Corruption is widely believed to negatively affect economic growth. However, many East and Southeast Asia countries either achieved or currently are achieving impressively rapid economic growth despite widespread corruption - the 'East Asian Paradox'. Is this negative relationship equally likely...
Persistent link: https://www.econbiz.de/10012102930
Evidence from a novel measure of democracy (SVMDI) based on Support Vector Machines highlights a robust positive … relationship between democracy and economic growth. We argue that the ambiguity in recent studies can be traced back to the neglect … of the information in the equation in levels and the lack of sufficient sensitivity of traditional democracy indicators …
Persistent link: https://www.econbiz.de/10010517021
In this paper we report the results from a detailed investigation of the shifts of the world production frontier function over the period 1980-2010. Analogous to a radar we implement a novel measurement approach for these shifts using nonparametrically computed productivity measures to scan the...
Persistent link: https://www.econbiz.de/10010527200
The first step in understanding international income differences is measuring supplies of various factors of production and their productivity. Recent work suggests that these calculations should treat workers of different skill levels as imperfect substitutes. However, under this approach, it...
Persistent link: https://www.econbiz.de/10012869262
increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …
Persistent link: https://www.econbiz.de/10010228789
In this paper, I document three stylized facts on leaders, institutions, and re-election incentives, using cross-country data: (1) in democracies, the positive relationship between leaders' performance and their capability is significantly less pronounced in their last term, when they do not...
Persistent link: https://www.econbiz.de/10014082516