Heid, Benedikt; Langer, Julian; Larch, Mario - ifo Leibniz-Institut für Wirtschaftsforschung an der … - 2011
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...