Persson, Torsten (contributor); … - 2006
international trade and extending the role of markets.
Sometimes economic liberalization leads democratization, more often it lags … country i and year t, D
i,t
is a
2
dummy variable equal to one under democracy, x
i,t
is a vector of control vari-
ables …, average growth in treated countries should (counterfactually) have
been the same as in control countries (conditional on x
i …