Income and democracy: Evidence from system GMM estimates

Does higher income cause democracy? Accounting for the dynamic nature and high persistence of income and democracy, we find a statistically significant positive relation between income and democracy for a postwar period sample of up to 150 countries. Our results are robust across different measures of democracy and instrumentation strategies.

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Year of publication:	2012
Authors:	Heid, Benedikt ; Langer, Julian ; Larch, Mario
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 116.2012, 2, p. 166-169
Publisher:	Elsevier
Subject:	Income \| Democracy \| Dynamic panel estimators

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Type of publication:	Article
Classification:	O1 - Economic Development ; C33 - Models with Panel Data ; D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; E21 - Consumption; Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010597191