Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/69419
Authors: 
Cervellati, Matteo
Jung, Florian
Sunde, Uwe
Vischer, Thomas
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper Series, Forschungsinstitut zur Zukunft der Arbeit 7069
Abstract: 
Acemoglu, Johnson, Robinson, and Yared (2008) document that the cross-country correlation between income per capita and democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on democracy might differ systematically across countries. A replication of the estimation in a less restrictive empirical framework provides evidence for significant but heterogeneous effects of income on democracy for former colonies and non-colonies, as well as within the sample of former colonies. These heterogeneous effects are related to colonial history and early institutions, and are robust to the use of alternative data and estimation techniques.
Subjects: 
critical junctures
democracy
economic development
income
institutions
modernization hypothesis
JEL: 
P16
O10
Document Type: 
Working Paper

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