thus supports the notion that there is a positive relationship between democracy and economic growth. …

There has been a wide debate on whether democracy actually has an effect on economic outcomes, and especially on … variables estimation. Our results demonstrate that the effect of democracy on trade is underestimated using Ordinary Least … (1996) which suggest that the effects of democracy for economic growth are not uniform for all countries. …

We reexamine the effect of economic development on the level of democracy based on the data sets of Acemoglu et al … democracy. The zero-one-inflated beta distribution is more appropriate for continuous but bounded responses with non … democracy variables. Since our analysis highlights that the distribution of democracy is bimodal, we approximate the modes using …

Excessive concentration increases national risk in an uncertain world. This paper views economic and political … diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first …

to democracy in transnational settings in so far as both can be understood as reflexivity increasing instruments. The …