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An influential thesis often associated with De Tocqueville views social mobility as a bulwark of democracy: when … force making democracy less stable in societies with high social mobility: when the median voter expects to move up …
Persistent link: https://www.econbiz.de/10012456501
We study theoretically and empirically whether natural resource windfalls affect political regimes. We document the following regularities. Natural resource windfalls have no effect on the political system when they occur in democracies. However, windfalls have significant political consequences...
Persistent link: https://www.econbiz.de/10012461056
explain why resource abundance may lead to instability of democracy in some countries, but does not create any difficulties … to corruption (a measure of the institutional quality). The probability of the democracy preservation is decreasing in …
Persistent link: https://www.econbiz.de/10014183241
This study examines the relationships between democratic politics and systematic (or country-specific) financial risk. Low financial risk is crucial to any well-functioning economy, as it encourages capital investment, facilitates growth, and enhances overall economic performance. Up until now,...
Persistent link: https://www.econbiz.de/10014218171
the media is evident. We then look at some broader comparative evidence on the role of the media in democracy to suggest … Chang et al. is that through its watchdog role, the media constrained the abuse of power and cleansed Italian democracy of … Italian case and in terms of the general relationship between the media and democracy? In the Italian case, many details of …
Persistent link: https://www.econbiz.de/10014160476
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volatility as a two-equation system, and find that higher levels of democracy and diversification lower volatility, whereas … volatility itself reduces growth. Muslim countries instrument for democracy, and measures of diversification identify volatility …. In contrast to the lack of consensus on the democracy-growth relationship, the democracy-stability link is robust. Rather …
Persistent link: https://www.econbiz.de/10014063295
to democracy and vice versa (consistent with the recent theoretical work by Acemoglu and Robinson) but, unlike older …
Persistent link: https://www.econbiz.de/10014064089
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