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Comparing the spread of capitalism and democracy

Authors:	Peter T Leeson Russell S Sobel

Institution:	^a Department of Economics, George Mason University, MS 3G4, Fairfax, VA 22030, United States ^b Department of Economics, West Virginia University, P.O. Box 6025, Morgantown, WV 26506, United States

Abstract:	We apply Leeson and Dean’s (2009) method for studying democratic dominoes to capitalist spillovers to compare the rates at which capitalism and democracy spread between countries. We find that capitalism and democracy spread at approximately the same modest rate.

Keywords:	H1 P1
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