This paper revisits the relation between democracy, liberalization, and prosperity in transition countries, using a …-shaped relationship between political liberalization and growth is found, such that a rise in democracy levels promotes growth only under … initially low democracy levels. Furthermore, economic and political liberalization turn out to be positively related, but with …

tries to identify the effect of democracy on economic prosperity, little work has been done to understand the determinants … of economic growth under democracy. This paper examines whether the determinants of economic growth in Latin America are …

markups are estimated based on a gross output translog production function using popular estimation methods. I find an …

, increasing returns cannot be rejected in some industries when the estimation is corrected for capital measurement error …

Evidence from a novel measure of democracy (SVMDI) based on Support Vector Machines highlights a robust positive … relationship between democracy and economic growth. We argue that the ambiguity in recent studies can be traced back to the neglect … of the information in the equation in levels and the lack of sufficient sensitivity of traditional democracy indicators …

This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total …