@techreport{Gundlach2008Income,
abstract = {Acemoglu, Johnson, Robinson, and Yared (2008) demonstrate that estimation of the standard adjustment model with country-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.},
address = {Kiel},
author = {Erich Gundlach and Martin Paldam},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
editor = {Kiel Inst. for the World Economy, Kiel},
keywords = {D72; O43; 330; Democracy; modernization hypothesis; fixed-effects estimation; Einkommen; Sozialprodukt; Demokratie; Sch\"{a}tztheorie},
language = {eng},
number = {1458; 1458},
publisher = {Kiel Institute for the World Economy (IfW)},
series = {Kiel working paper},
title = {Income and democracy: a comment on Acemoglu, Johnson, Robinson, and Yared (2008)},
type = {Kiel working paper},
url = {http://hdl.handle.net/10419/24852},
year = {2008}
}
