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http://hdl.handle.net/10419/24852
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| Title: | | Income and democracy: a comment on Acemoglu, Johnson, Robinson, and Yared (2008)  |
| 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: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW Economists Online
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