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Income and democracy: dynamic misspecification due to the presence of serial correlation

Suzanna- Maria Paleologou

Applied Economics Letters, 2018, vol. 25, issue 10, 698-701

Abstract: We address the issue of dynamic misspecification arising from the possible existence of serial correlation when examining the relationship between income and democracy by employing a panel count data estimation method. We find evidence that income per capita systematically predicts democracy, but it does not so in relation to the colonization experience of each country. Our results are robust across model specification and samples.

Date: 2018
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DOI: 10.1080/13504851.2017.1358440

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