Desbordes, Rodolphe; Eberhardt, Markus; Larch, Mario - 2025 - This version: March 4, 2025
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. …