The Growth Effect of Democracy: Is It Heterogenous and How Can It Be Estimated?
---- Acknowledgements -----
We thank participants in a seminar at CIFAR, and especially Dan Trefler, for helpful comments. Financial support from the Swedish Research Council, the Tore Browaldh Foundation, Bocconi University, and CIFAR is gratefully acknowledged. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.