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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. …
Persistent link: https://www.econbiz.de/10015332073
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 …
Persistent link: https://www.econbiz.de/10014025324
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 …
Persistent link: https://www.econbiz.de/10013071803
fixed effects and the rich dynamics of GDP, which otherwise confound the effect of democracy on economic growth. Our …We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies … on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country …
Persistent link: https://www.econbiz.de/10013056777
This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an introduction to the topic, chapter 2 shows that the institutional setting of fiscal policy making needs to be considered when assessing the sustainability of fiscal policy. Using...
Persistent link: https://www.econbiz.de/10011742833
migration and trade and their effects on unemployment (chapter 5), and the dynamics of democracy and income chapter 6). …
Persistent link: https://www.econbiz.de/10011742960
migration and trade and their effects on unemployment (chapter 5), and the dynamics of democracy and income chapter 6). …
Persistent link: https://www.econbiz.de/10013447126
Persistent link: https://www.econbiz.de/10012139724
income share. We revisit and extend previous empirical research on democratic political institutions and the labor share … using a dataset of 112 countries over the period 1970-2015. Our empirical analysis shows that democracy allows workers to … appropriate a higher share of national income. The evidence is robust to different indices of democracy and different periods of …
Persistent link: https://www.econbiz.de/10011964259
Persistent link: https://www.econbiz.de/10013348982