Cervellati, Matteo; Meyerheim, Gerrit; Sunde, Uwe - 2025
model of long-run growth and democratisation that delivers two general insights. First, rather than higher income levels … \emph{per se}, it is the onset of sustained growth that increases the likelihood of democratisation. Intuitively, the faster … democracy. Second, the economic consequences of democracy are amplified when democratisation occurs after the transition to …