... Burkhart and Lewis-Beck 1994 and Glasure, Lee and Norris 1999). 20 A meta- analysis of the determinants of democracy is clearly a separate meta- analysis. 21 We exclude also studies that touch ... variables Human Capital, Physical Capital, Ecofreedom, Inequality, Instability, Govt Size, Openness and Inflation. Human and physical capital are particularly important, because as noted earlier, ... distribution, and political stability (see Baum and Lake 2003, Alesina et al. 1996). In addition, Sturm and de Haan (2001) find that the presence of democracy in a country positively affects the level of...