produces upward-biased OLS and 2SLS estimates. The results of an analysis of the effect of democracy on economic growth show …We compile data for 186 countries (1919 - 2016) and apply different aggregation methods to create new democracy indices …

democracy (186 countries, 1960-2014). The method takes its name from a machine learning technique for pattern recognition and … creates continuous and dichotomous indices. We use the SVM indices to investigate the effect of democratic institutions on … results are affected by conceptual and methodological changes in the measure of democracy. In particular, we show that …

average effects of 46% higher exports for countries after thirty years in democracy, but demonstrate that these effects are … driven by the democratic dividend for income: the causal chain runs from democracy to economic prosperity to trade, and … democracy appears to have a limited 'direct' effect on trade flows. …

(Islamic) law. These theories take as exogenous the cultural values that complement the prevailing institutions. As a result … institutional environment. In this paper, we address these issues by modeling the joint evolution of institutions and culture. In …

' persistent characteristics, such as their institutions. Among our findings are that macroeconomic policies affect development …

the historical determinants of institutions with the sizeable direct impact of geographic endowments on development. …

of national income per capita and democracy may not be positively correlated. The model is also useful for understanding …

-driven comparative studies about the impact of autocratic transition on real per capita GDP. The applied methodology compares the growth … of countries that experienced a transition to autocracy with the growth of a convex combination of similar countries that … statistical framework, in a panel of 160 countries, we focus on 14 episodes of transition from democracy to autocracy. We find …

explain why presidential democracy leads to faster growth than parliamentary democracy. Third, it is important to distinguish … growth effect of democracy. …Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited …

To limit the dramatic growth of U.S. health care expenditures, some states have mandated that medical providers …