components in the development of the continent: law, democracy and quality of government. Political regimes of democracy, polity …-stability, regulation quality and rule of law. Findings indicate democracy has an edge over autocracy while the later and polity overlap. A … democracy that takes into account only the voice of the majority is better in government quality than autocracy, while a …

democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on … democracy might differ systematically across countries. A replication of the estimation in a less restrictive empirical … framework provides evidence for significant but heterogeneous effects of income on democracy for former colonies and non …

timely adoption of a state budget. The article then discusses concepts of deliberative democracy and how local residents … democracy techniques discussed …

In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … to be realized when democracy is captured by the richer segments of the population; when it caters to the preferences of …

components in the development of the continent: law, democracy and quality of government. Political regimes of democracy, polity …-stability, regulation quality and rule of law. Findings indicate democracy has an edge over autocracy while the later and polity overlap. A … democracy that takes into account only the voice of the majority is better in government quality than autocracy, while a …

fixed effects and the rich dynamics of GDP, which otherwise confound the effect of democracy on economic growth. Our …We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies … on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country …

propensity to effect policies that favour the development of financial intermediary depth, activity and size. Democracy has … policies towards financial development. As a policy implication, once democracy is initiated, it should be accelerated (to edge …

of GDP growth. The paper finally suggests a positive correlation between democracy and economic development. …

capita GDP growth due to a positive oil price shock increases the Polity democracy score by around 0.2 percentage points on …We examine the effect of oil price fluctuations on democratic institutions over the 1960-2007 period. We also exploit …-driven) income shocks on democracy. Our results indicate that countries with greater net oil exports over GDP see improvements in …