Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/73774 
Year of Publication: 
2011
Series/Report no.: 
ifo Working Paper No. 118
Publisher: 
ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich
Abstract: 
Does higher income cause democracy? Accounting for the dynamic nature and highpersistence of income and democracy, we find a statistically significant positive relationbetween income and democracy for a postwar period sample of up to 150 countries. Ourresults are robust across different model specifications and instrument sets.
Subjects: 
Income
democracy
dynamic panel estimators
JEL: 
O10
C33
D72
E21
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.