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David Albouy expresses three main concerns about the results in Acemoglu, Johnson and Robinson (2001) on the relationship between potential settler mortality and institutions. First, there is a general concern that there are high mortality outliers, potentially affecting this relationship, with...
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David Albouy expresses three main concerns about the results in Acemoglu, Johnson and Robinson (2001) on the relationship between potential settler mortality and institutions. First, there is a general concern that there are high mortality outliers, potentially affecting this relationship, with...
Persistent link: https://www.econbiz.de/10012461691
-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. -- Democracy ; modernization hypothesis ; fixed-effects estimation …
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