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Resource Abundance, Political Corruption, and Instability of Democracy [PDF]

open access: yes
In this paper we analyze data on sustainability of democratic regimes in resource rich countries and suggest a model to explain why resource abundance may lead to instability of democracy in some countries, but does not create any difficulties for a ...
Polterovich, Victor   +2 more
core   +1 more source

Are Crises Good for Long-Term Growth? The Role of Political Institutions [PDF]

open access: yes
This paper provides empirical evidence for the importance of institutions in determining the outcome of crises on long-term growth. Once unobserved country-specific effects and other sources of endogeneity are accounted for, political institutions affect
Alberto Cavallo, Eduardo A. Cavallo
core  

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