Income and democracy: Evidence from system GMM estimates

Does higher income cause democracy? Accounting for the dynamic nature and highpersistence of income and democracy, we find a statistically significant positive relationbetween income and democracy for a postwar period sample of up to 150 countries. Ourresults are robust across different model specifications and instrument sets.

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Year of publication:	2011
Authors:	Heid, Benedikt ; Langer, Julian ; Larch, Mario
Publisher:	Munich : ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Subject:	Sozialprodukt \| Demokratie \| Demokratisierung \| Schätzung \| Welt \| Income \| democracy \| dynamic panel estimators

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Series:	ifo Working Paper ; 118
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	683172042 [GVK] hdl:10419/73774 [Handle] RePec:ces:ifowps:_118 [RePEc]
Classification:	O10 - Economic Development. General ; C33 - Models with Panel Data ; D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; E21 - Consumption; Saving
Source:	EconStor

Persistent link: https://www.econbiz.de/10010312127