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While standard political economy theories suggest a moderating effect of democratization on income inequality, empirical literature has failed to uncover any such robust relationship. Here we take yet another look at this issue arguing first, that prevailing ideology may be an important...
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thus supports the notion that there is a positive relationship between democracy and economic growth. …
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There has been a wide debate on whether democracy actually has an effect on economic outcomes, and especially on … variables estimation. Our results demonstrate that the effect of democracy on trade is underestimated using Ordinary Least … (1996) which suggest that the effects of democracy for economic growth are not uniform for all countries. …
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We reexamine the effect of economic development on the level of democracy based on the data sets of Acemoglu et al … democracy. The zero-one-inflated beta distribution is more appropriate for continuous but bounded responses with non … democracy variables. Since our analysis highlights that the distribution of democracy is bimodal, we approximate the modes using …
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Excessive concentration increases national risk in an uncertain world. This paper views economic and political diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first presents economic and political diversification...
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