Income and Democracy: A Comment on Acemoglu, Johnson, Robinson, and Yared (2008)
Erich Gundlach and
Martin Paldam
Economics Working Papers from Department of Economics and Business Economics, Aarhus University
Abstract:
Acemoglu, Johnson, Robinson, and Yared (2008) demonstrate that estimation of the standard adjustment model with country-fixed and time-fixed effects removes the statistical significance of income as a causal factor of democracy. We argue that their empirical approach must produce insignificant income effects and that a small change in the estimation process immediately reveals the strong effect of income on democracy.
Keywords: Democracy; Modernization hypothesis; fixed-effects estimation (search for similar items in EconPapers)
JEL-codes: D72 O43 (search for similar items in EconPapers)
Pages: 10
Date: 2008-10-15
New Economics Papers: this item is included in nep-ecm and nep-pol
References: Add references at CitEc
Citations: View citations in EconPapers (7)
Downloads: (external link)
https://repec.econ.au.dk/repec/afn/wp/08/wp08_13.pdf (application/pdf)
Related works:
Working Paper: Income and democracy: a comment on Acemoglu, Johnson, Robinson, and Yared (2008) (2008) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:aah:aarhec:2008-13
Access Statistics for this paper
More papers in Economics Working Papers from Department of Economics and Business Economics, Aarhus University
Bibliographic data for series maintained by ().