Do foreign educated individuals play a role in promoting democracy in their home country? Despite the large amount of … foster democracy in their home countries. Using a unique panel dataset on foreign students starting from 1950, I show that … indeed foreign-educated individuals promote democracy in their home country, but only if the foreign education is acquired in …

resources for which democracy is infeasible in equilibrium irrespective of the level of development. The model also delivers … distributed unequally and institutions do not ensure political commitments. The results imply that for any level of development … there exists a distribution of resources such that democracy emerges in equilibrium, but there are distributions of …

liberalizations correspond to the event of becoming a democracy. Using a difference-in-difference estimation, we ask what are the …

countries this chapter seeks to understand corruption through the lens of political economy -- particularly in terms of the … implications of this view of corruption for anti-corruption policies. …

enforcement of property rights influences the ex-post distribution of rents, there is room for corruption. We characterize the …) rents to government employees; ii) corruption; and iii) misallocation of talent. Therefore, these observations are not by … corruption and the misallocation of talent, and increase investment. It will also often be the case that bureaucracies will …

predictions along two main dimensions. First, corruption is more frequent in sectors where public institutions are large buyers …

) an equilibrium with corruption discourages firms to invest, (ii) firms bribe if the level of development is low, but (iii … can countries get trapped in a bribing equilibrium forever? Corruption and lobbying are to some extent substitutes. By …) they switch to lobbying if the level of development is sufficiently high. Combined, the economy might evolve from a bribing …

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 …