Abdel-Latif, Hany; Mishra, Tapas; Staneva, Anita - In: Economies : open access journal 7 (2019) 1/20, pp. 1-19
We examine the role of democracy shocks in the cross-country economic growth processes over a period of five decades … investigation. We study if (i) a shock to democracy in one country triggers institutional reforms and growth upsurge in the … neighbouring countries, and (ii) the magnitude and direction of response to democracy shocks are contingent upon income pathways of …