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In this article, latent variable analysis is used to construct hybrid measure of political development based on the plausible common variation between objective and subjective indicators of political institutions. For a sample of 167 countries for the period 1810–2018, we chart long-term paths of po ...

The Synthetic Control Method (SCM) has become a widely used tool in both identifying and estimating the causal impact of policies, shocks, and interventions of interest on economic and social outcomes. The technique has become particularly popular in estimating the effect of these shocks on a single ...