This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U- shaped: "intermediate" political regimes significantly lead to inferior economic...

We develop a theory of democratization that integrates both electoral calculations and economic incentives to explain the institutional choices of political actors. Left-leaning (liberal) politicians, who, given their location in the policy space, are more likely to receive the support of newly...

We develop a theory of democratization that integrates both electoral calculations and economic incentives to explain the institutional choices of political actors. Left-leaning (liberal) politicians, who, given their location in the policy space, are more likely to receive the support of newly...

This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U-shaped: "intermediate" political regimes significantly lead to inferior economic...