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This research seeks to identify the factors that account for the variation in development levels across nations by focusing on the institutional components of development, especially the effects of financial market development on economic and political development. I argue that financial market...
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At the end of World War II, the United States emerged as a world leader, putting into place international institutions based on its own liberal economic philosophy. Since then, the world has witnessed an increasing interconnectedness among states, with economic relationships continually blurring...
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What conditions determine whether a civil war ends in a negotiated settlement or a military victory? The authors address this question by developing an expected utility model of the choice between seeking an immediate settlement or continuing to fight in anticipation of eventual victory. The...
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This study explores the effects of civil war outcome on post-civil-war democratization. We employ an expected utility model to argue that the attributes of the civil war that lead to balanced power relations between the warring parties lead to higher levels of postconflict democracy. Copyright...
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