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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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At least since 1750 when Baron de Montesquieu declared “peace is the natural effect of trade,” a number of economists and political scientists espoused the notion that trade among nations leads to peace. Employing resources more efficiently to produce some commodities rather than others is...
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migration and trade and their effects on unemployment (chapter 5), and the dynamics of democracy and income chapter 6). … Arbeitslosenrate (Kapitel 5) sowie der Dynamik von Demokratie und Einkommen (Kapitel 6). …
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