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' economic trajectories over the 1999-2023 period? This paper investigates …

We examine the direction of causality between growth and democratization for the high performing Asian economies using … direction of causality runs consistently from democratization to growth and not the other way around. Rapid growth in the high … growth is not always positive. Against the widely-held view that growth enhances democratization, our evidence suggests that …

to the event of becoming a democracy.  We find that democratization leads to a more market-based financial system … change on financial structure we estimate a separate model and find that democracy matters.  We also find that countries with … estimation, alternative measures of democracy and financial structure, and across different samples. …

development path from monarchy to oligarchy and ?finally to democracy with full suffrage. When it is too costly for any group of …

to the event of becoming a democracy. We find that democratization leads to a more market-based financial system … on financial structure we estimate a separate model and find that democracy matters. We also find that countries with … estimation, alternative measures of democracy and financial structure, and across different samples. …

development path from monarchy to oligarchy and .nally to democracy with full surage. When it is too costly for any group of …

the event of becoming a democracy. We find that democratization leads to a more market-based financial system. Democratic … structure we estimate a separate model and find that democracy matters. We also find that countries with substantial democratic …, Arellano–Bond GMM estimation, alternative measures of democracy and financial structure, and across different samples. …

propensity to effect policies that favour the development of financial intermediary depth, activity and size. Democracy has … policies towards financial development. As a policy implication, once democracy is initiated, it should be accelerated (to edge …

In this paper we revisit the relationship between democracy, redistribution, and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … to be realized when democracy is captured by the richer segments of the population; when it caters to the preferences of …

In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … to be realized when democracy is captured by the richer segments of the population; when it caters to the preferences of …