Income and democracy: Evidence from system GMM estimates
Benedikt Heid (),
Julian Langer and
Mario Larch ()
Economics Letters, 2012, vol. 116, issue 2, 166-169
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)
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Working Paper: Income and democracy: Evidence from system GMM estimates (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:2:p:166-169
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