Piñeiro, J.; Khan, H.A.; Melikyan, D.N.; Tamazian, A. - In: Applied Econometrics and International Development 5 (2005) 2
The paper tests the hypothesis of a positive impact of democratization on growth, economic development and changes in well-being. We construct an empirical model to explain the impact of political institutions (democracy), economic institutions, financial market efficiency, scientific...