Kotera, Go; Okada, Keisuke; Samreth, Sovannroeun - In: Economic Modelling 29 (2012) 6, pp. 2340-2348
of the democracy in each country. Using annual data of 82 countries between 1995 and 2008, the estimation results … findings are robust. Furthermore, to address endogeneity problems, we conduct the instrumental variables estimation and the … system generalized method of moments estimation, the results of which also support our primary findings. These results …