Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73774
Authors: 
Heid, Benedikt
Langer, Julian
Larch, Mario
Year of Publication: 
2011
Series/Report no.: 
Ifo Working Paper 118
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

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