Income and democracy: a comment on Acemoglu, Johnson, Robinson, and Yared (2008)

Acemoglu, Johnson, Robinson, and Yared (2008) demonstrate that estimation of the standard adjustment model with country-fixed and time-fixed effects removes the statistical significance of income as a causal factor of democracy. We argue that their empirical approach must produce insignificant income effects and that a small change in the estimation process immediately reveals the strong effect of income on democracy.

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Year of publication:	2008
Authors:	Gundlach, Erich ; Paldam, Martin
Publisher:	Kiel : Kiel Institute for the World Economy (IfW)
Subject:	Einkommen \| Sozialprodukt \| Demokratie \| Schätztheorie \| Democracy \| modernization hypothesis \| fixed-effects estimation

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Series:	Kiel Working Paper ; 1458
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	583645879 [GVK] hdl:10419/24852 [Handle] RePEc:zbw:ifwkwp:1458 [RePEc]
Classification:	D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; O43 - Institutions and Growth
Source:	EconStor

Persistent link: https://www.econbiz.de/10010263527