Balamatsias, Pavlos - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-27, pp. 1-28
: Democratization in the late twentieth century, 1991) and the methodology of Acemoglu et al. (Democracy does cause growth, 2014) about … democratization waves. According to this theory, democratizations occur in regional waves; consequently, diffusion of demand for or … a country's political system and its tax choices. Using a 2SLS fixed effects model the author finds that democratization …