Recent empirical work has established that 'democracy causes growth'. In this paper, we determine the underlying institutions which drive this relationship using data from the Varieties of Democracy project. We sketch how incentives and opportunities as well as the distribution of political...

We motivate and empirically analyse the idea that democratic regime change is not a discrete event but a two-stage process: in the first stage, autocracies enter into an ‘episode’ of political liberalization which can last for years or even decades; in the second stage, the ultimate outcome...

Previous research has established a link between democratic governance and sustainable economic growth. Yet, over the past decade, we have witnessed a global decline of democratic institutions across a wide range of political contexts. How has this erosion of democracy affected countries'...

How substantial are the economic benefits from democratic regime change? We argue that democratisation is often not a discrete event but a two-stage process: autocracies enter into ‘episodes’ of political liberalisation which eventually culminate in regime change or not. To account for this...