This paper tests the empirical validity of Easterlin’s paradox, the absolute and relative income theorems which underpin it, and investigates associations between subjective well-being (SWB), economic growth and the factors which shape economic development via a series of multilevel...

This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U-shaped: "intermediate" political regimes significantly lead to inferior economic...

This study investigates the effects of exports on income per capita using a panel data set of 150 countries from 1990 to 2012. We have found that exports have differing effects on income distribution depending on different phases of economic development. As exports (measured as the percent of...