-being. -- democracy ; development ; Lipset hypothesis ; causal effect ; growth ; political institutions … relationship according to which democracy is a determinant of economic development? Or is it, conversely, economic development that … terms of a rule of law. On the other hand do democracies not simply arise as consequence of economic development, but …

growth is critically evaluated. Economic freedom is found necessary for higher levels of per capita income and growth largely … per capita income or growth. Secure private property rights is found to be a most significant positive causal variable as …

The paper uses the recently available data on growth rates, democracy, protectionism, and wars over the period 1820 to … the effect of democracy on growth, was colonialism economically bad for colonies, does protectionism affect growth … negatively, what is the effect of wars? We find that own democracy has a significant positive impact on growth which increases as …

centuries. This unprecedented global growth coincided with the global proliferation of democracy, with some evidence for …Economic growth in the 19th and 20th centuries, following the Industrial Revolutions, was much faster than in preceding … bidirectional causation. Macroeconomic forecasts have predicted slower economic growth in the 21st century--perhaps substantially …

Recent empirical work has established that 'democracy causes growth'. In this paper, we determine the underlying … institutions, as witnessed recently in many countries, may jeopardise the perpetual growth effect of becoming a liberal democracy … institutions which drive this relationship using data from the Varieties of Democracy project. We sketch how incentives and …

change and slow economic growth increase the likelihood of urban protests, as expected. However, several unexpected results …

resource-rich sub-Saharan African (SSA) countries, where public capital is very low to support the needed economic growth. In … of public investment on economic growth, which also depends on the level of resource rents. Using some of the components …

In recent years, there has been a plethora of econometric literature on the determinants of growth. However, the lack … results, reach some conclusions about political and economic institutions that favour development and the political problems …