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EBERHARDT: Revisiting the Causal Effect of Democracy on Long-run Development

[This Guest Blog is a repost of a blog by Markus Eberhardt, published at Vox – CEPR Policy Portal] Recent evidence suggests that a country switching to democracy achieves about 20% higher per capita GDP over subsequent decades. This column…

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How to Measure the Importance of a Variable in a Regression Equation

[From the working paper “On the economic importance of the determinants of long-term growth” by Olivier Sterck, posted at the Centre for the Study of African Economies working papers website] “The long-run growth literature abounds with statements about the“economic significance”…

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