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Income and democracy: Evidence from system GMM estimates

Benedikt Heid (), Julian Langer and Mario Larch ()

Economics Letters, 2012, vol. 116, issue 2, 166-169

Abstract: Does higher income cause democracy? Accounting for the dynamic nature and high persistence of income and democracy, we find a statistically significant positive relation between income and democracy for a postwar period sample of up to 150 countries. Our results are robust across different measures of democracy and instrumentation strategies.

Keywords: Income; Democracy; Dynamic panel estimators (search for similar items in EconPapers)
JEL-codes: O1 C33 D72 E21 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:2:p:166-169

DOI: 10.1016/j.econlet.2012.02.009

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