institutions, as witnessed recently in many countries, may jeopardise the perpetual growth effect of becoming a liberal democracy …Recent empirical work has established that 'democracy causes growth'. In this paper, we determine the underlying … institutions which drive this relationship using data from the Varieties of Democracy project. We sketch how incentives and …

Does development lead to the establishment of more democratic institutions? Over the past 50 years, the countries have … democracies with liberal institutions on the other. We develop a new empirical strategy that allows for the first time to estimate … the effects of development as well as changing unobserved country effects in driving democracy at these different stages …

Previous research has established a link between democratic governance and sustainable economic growth. Yet, over the … past decade, we have witnessed a global decline of democratic institutions across a wide range of political contexts. How … has this erosion of democracy affected countries' economic trajectories over the 1999-2023 period? This paper investigates …

Previous research has established a link between democratic governance and sustainable economic growth. Yet, over the … past decade, we have witnessed a global decline of democratic institutions across a wide range of political contexts. How … has this erosion of democracy affected countries' economic trajectories over the 1999-2023 period? This paper investigates …

average effects of 46% higher exports for countries after thirty years in democracy, but demonstrate that these effects are … driven by the democratic dividend for income: the causal chain runs from democracy to economic prosperity to trade, and … democracy appears to have a limited ‘direct’ effect on trade flows. …

democratizers, experiencing repeated episodes without regime change reduces growth in democracy whereas length of episode does not. … that modelling regime change in two stages rather than a single event yields stronger long-run growth effects. Among …

produces upward-biased OLS and 2SLS estimates. The results of an analysis of the effect of democracy on economic growth show …We compile data for 186 countries (1919 - 2016) and apply different aggregation methods to create new democracy indices …

democracy (186 countries, 1960-2014). The method takes its name from a machine learning technique for pattern recognition and … creates continuous and dichotomous indices. We use the SVM indices to investigate the effect of democratic institutions on … results are affected by conceptual and methodological changes in the measure of democracy. In particular, we show that …

institutions, natural resource rents cease to have a negative impact on long-term growth. Institutions in resource-based economies … foster economic growth when voice and accountability are in place; broad-based rule of law is enforced with secure property …