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freedom is frequently associated with electoral democracy, developments in countries such as Hungary, Poland, Turkey and … Russia, where elected populist leaders with authoritarian tendencies rule, suggest that electoral democracy may not be the … provide a firmer foundation. We investigate empirically how electoral democracy and judicial independence relate to personal …
Persistent link: https://www.econbiz.de/10011995261
freedom is frequently associated with electoral democracy, developments in countries such as Hungary, Poland, Turkey and … Russia, where elected populist leaders with authoritarian tendencies rule, suggest that electoral democracy may not be the … provide a firmer foundation. We investigate empirically how electoral democracy and judicial independence relate to personal …
Persistent link: https://www.econbiz.de/10011990835
to the latter, it raises a conundrum: if populist policies are detrimental to economic growth, as most economists agree …
Persistent link: https://www.econbiz.de/10012009237
This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960 … political instability, while other potential mechanisms, such as education, investment and inequality, lack comparable empirical … 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
to the latter, it raises a conundrum: if populist policies are detrimental to economic growth, as most economists agree …
Persistent link: https://www.econbiz.de/10012099719
We present and test empirically a new theory of property and contract rights. Any incentive an autocrat has to respect such rights comes from his interest in future tax collections and national income and increases with his planning horizon. We find a compelling empirical relationship between...
Persistent link: https://www.econbiz.de/10008685583
in a political system have on economic growth. Using analysis of panel data from more than countries over the period 1970 …-2010 we find that the growth effects of property rights increase when political power is divided among more veto players. When … political parties), we further find that the growth effects of property rights are driven mainly by checks on the chief …
Persistent link: https://www.econbiz.de/10011112508
majority of people. The fundamental reason thereof is the blatant contradiction between the principle of democracy, promoting … the rule of law and thereby the welfare of people, and the indomitable tendency of rising and unsustainable inequality in … the essential of democracy. It could be a road to genuine reforms3 preventing a disaster caused by the sheer rejection of …
Persistent link: https://www.econbiz.de/10011588170
, altruism and concern for inequality. We find that decision makers who are selected democratically are generally more efficiency …
Persistent link: https://www.econbiz.de/10011753528
high levels of democracy are characterized by lower relative inequality. They also have the lowest ratio of the income … information from five Varieties of Democracy indices. K-means country clusters are similar but not entirely identical to both k …-medians clusters and arbitrary groups formed using only one measure, namely the liberal democracy index. Simple correlations with …
Persistent link: https://www.econbiz.de/10014290692