Democracy as Liability
Democracy, in the form of a popularly elected legislature, can be a potential liability on economic performance. Relations between the executive and legislat...
Electoral Systems for a Divided Society
By providing incentives to ethnic-based political parties to cross the ethnic divide in their appeal to voters, preferential electoral systems provide a mean...
Output Decline in Eastern Europe
Output decline is an artifact of the mismeasurement of real output quantities or the misvaluation of prices. These are statistical causes implicit in the met...
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