Che, Yi; Lu, Yi; Tao, Zhigang; Wang, Peng - In: Journal of Comparative Economics 41 (2013) 1, pp. 159-169
This paper revisits the important issue of whether economic development promotes democracy by using the system-GMM method, which is superior to the difference-GMM method when dependent variables (democracy in this paper) are highly persistent over time. With the same data set as that of Acemoglu...
