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The conventional wisdom views high levels of education as a prerequisite for democracy. This paper shows that existing …
Persistent link: https://www.econbiz.de/10014028317
This paper uses a new panel data set to perform a statistical analysis of political regimes and sovereign credit risk in Europe from 1750 to 1913. Old Regime polities typically suffered from fiscal fragmentation and absolutist rule. By the start of World War I, however, many such countries had...
Persistent link: https://www.econbiz.de/10014224049
We use a Bayesian measurement error model to derive a probabilistic measure of democracy from several existing … dichotomous data sets. This approach accepts the premise that democracy may usefully be construed as a bivalent concept for … democracy for studies that require a dichotomous measure of regime type …
Persistent link: https://www.econbiz.de/10014129699
Persistent link: https://www.econbiz.de/10003329501
Persistent link: https://www.econbiz.de/10003504592
Is there any relation between education and democracy? Once we correct for weak instruments and identify education as … `weakly exogenous` we find new evidence that education systematically predicts democracy. Our results are robust across model …
Persistent link: https://www.econbiz.de/10013126246
The direct democratic choice of an examination standard, i.e., a performance level required to graduate, is evaluated against a utilitarian welfare function. It is shown that the median preferred standard is inefficiently low if the marginal cost of reaching a higher performance reacts more...
Persistent link: https://www.econbiz.de/10010338946
Essay 1: We reexamine the effect of economic development on the level of democracy based on the data sets of Acemoglu … variable democracy. Contrary to the results of Acemoglu et al. (2008), some support of causality is found particularly when … explaining heteroscedasticity. We also find democracy is a bimodal variable and approximate the distribution using two separate …
Persistent link: https://www.econbiz.de/10011570579
Persistent link: https://www.econbiz.de/10012167530
The direct democratic choice of an examination standard, i.e., a performance level required to graduate, is evaluated against a utilitarian welfare function. It is shown that the median preferred standard is inefficiently low if the marginal cost of reaching a higher performance reacts more...
Persistent link: https://www.econbiz.de/10011788763