Economic diversification has gained significant attention as a crucial factor for sustainable development worldwide … diversification for Mongolia. By comparing Mongolia with its designated aspirational and structural peers, the paper aims to shed … light on strategies that can foster economic and societal diversification in the country. Although Mongolia possesses …

This paper studies the role of direct democracy in ensuring efficient and cost effective provision of goods and … public goods, and applying a fully non-parametric approach to estimate local government overall efficiency, the analysis … shows that more direct democratic activity is associated with higher government efficiency. This result suggests that more …

This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980-2014 show that democracy had a robust positive impact on economic …

technical efficiency of the high-performing East Asian economies was not out of line with the rest of the world. …This study compares the sources of growth in East Asia with the rest of the world, using a methodology that allows one … to decompose total factor productivity (TFP) growth into technical efficiency changes (catching up) and technological …