substantially during the last decades. At the same time, the quality of institutions in developing countries has also improved. The … findings indicate that emigration to institutionally developed countries induces a positive effect on home-country institutions. …

We present a simple model that illustrates how democracy may improve the quality of economic institutions. The model … further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect … of democracy on institutional quality is increasing in people's human capital. Using a new panel data set, covering 140 …