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 …

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 …

and surveys, we show that individuals with longer exposure to democracy display stronger support for democratic … institutions. We bolster these baseline findings using an instrumental-variables strategy exploiting regional democratization waves … and focusing on immigrants' exposure to democracy before migration. In all cases, the timing and nature of the effects are …

evaluate separately the impact of political institutions linked to democracy and suffrage and of those institutions more … a major role in the determination of this historical event, but that the quality of institutions also mattered. We … find that both sets of institutions contributed to this event, even after controlling for their potential endogeneity …

different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected … shocks or time-dependent state variables. Recognizing the role of non-market institutions in the growth process bridges the …We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …

different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected … shocks or time-dependent state variables. Recognizing the role of non-market institutions in the growth process bridges the …We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …

This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960 … support. These findings are robust to, among others, using night-lights instead of GDP, different democracy measures and …

relationship according to which democracy is a determinant of economic development? Or is it, conversely, economic development that …