Francis Fukuyama argues that liberal democracy is the final form of human government and
will become more and more prevalent in the long term. If this prediction is true, countries …

This chapter discusses the determinants of economic freedom by seeing how specific
determinants contributed to institutional convergence from 1980 to 2010. It contributes to the …

Why do some democracies persist while others break down? Some studies have suggested
that economic development decreases the likelihood of authoritarian reversal, which is …

T his paper explores the role of constitutional constraints and economic freedom in
determining economic convergence. We use a data set of 20 constitutional and economic …

While it is now well established in the literature that countries with better policies and
institutions, as measured by the Economic Freedom of the World index, have better …

The role of institutions in economic growth has recently begun to receive greater attention in
academic circles. Although the impact of institutions has been acknowledged by most …

Differences in the quality of institutions may explain differences in per capita income. Yet, we
know relatively little on how institutions evolve. This paper contributes to such knowledge by …

The impressive economic growth in a select group of Asian economies in the last several
decades prompts some to argue that authoritarianism helps rapid economic growth while …

Many empirical studies have shown democracies to be more supportive of sound economic
institutions than authoritarian regimes and recent analysis also finds that democratic …

Using institutional indicators describing 122 countries, we conduct an exploratory study
highlighting which institutional characteristics differ across countries with different levels of …