institutions, as witnessed recently in many countries, may jeopardise the perpetual growth effect of becoming a liberal democracy …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 …

institutions, natural resource rents cease to have a negative impact on long-term growth. Institutions in resource-based economies … foster economic growth when voice and accountability are in place; broad-based rule of law is enforced with secure property …

Increasing the realism with respect to the representation of actors, decision-making, and institutions is critical to … better understand the transition towards a low-carbon sustainable society since actors, decision-making, and institutions are …

million regressions. The most robust determinants of the transition to democracy are GDP growth (a negative effect), past …There are many stories of democracy but little consensus over which variables robustly determine its emergence and … countries are less likely to see democracy emerge, although the latter finding is driven entirely by oil producing Muslim …

control group, I develop an empirical strategy that disentangles the partial effects of institutions and of endowments on … income. I find that institutions are the main determinant of development, but that endowments have a sizeable direct impact … mix up the effect of the historical determinants of institutions with the sizeable direct impact of access to trade and of …

. Economic institutions encouraging economic growth emerge when political institutions allocate power to groups with interests in …This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental … cause of differences in economic development. We first document the empirical importance of institutions by focusing on two …

existence of rent-seeking institutions not only hinders the adoption of a more efficient technology, it also reinforces itself …

This paper provides evidence for the mutually reinforcing relation of political and economic institutions. To overcome … instrument biases. My major findings are that (i) improving economic institutions has a large positive effect on future political … institutions, and (ii) political institutions have a positive but quantitatively smaller effect on current economic institutions …