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Title:Income and democracy: a comment on Acemoglu, Johnson, Robinson, and Yared (2008) PDF Logo
Authors:Gundlach, Erich
Paldam, Martin
Issue Date:2008
Citation:[Series:] Kiel working paper [No.:] 1458 [Editor:] Kiel Inst. for the World Economy, Kiel
Series/Report no.:Kiel working paper 1458
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.
Subjects:Democracy
modernization hypothesis
fixed-effects estimation
JEL:D72
O43
Document Type:Working Paper
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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