significant effect in the pre-election year. In addition, we found evidence suggesting that though democracy significantly lowers …

adoption (FTR) on income inequality. Additionally, the study explores whether democracy serves as a moderator of FTR … policy thresholds of democracy. Results from the dynamic system GMM estimator reveal that: (i) FTR increases income … inequality, (ii) democracy, particularly electoral and participatory democracy, mitigates income inequality, and (iii) FTR …

democratizers, experiencing repeated episodes without regime change reduces growth in democracy whereas length of episode does not. …

economic growth. Second, the study assesses whether FTR and egalitarian democracy synergistically enhance economic growth … effect is modest; second, egalitarian democracy amplifies the growth-enhancing impact of FTR, but only at higher thresholds …st to the 9th quantile. However, in the presence of egalitarian democracy, FTR significantly enhances growth across all …