Income and democracy: revisiting the evidence

Enrique Moral-Benito and Cristian Bartolucci

No 1115, Working Papers from Banco de España

Abstract: It is well-known in the literature that income per capita is strongly correlated with the level of democracy across countries. In an infl uential paper, Acemoglu et al. (2008) fi nd that this linear correlation disappears once they control for country-specifi c effects focusing on within-country variation. In this paper we fi nd evidence of a non-linear effect from income to democracy even after controlling for country-specifi c effects. While a positive effect emerges for poor countries, this effect vanishes for rich countries.

Keywords: Democracy; Income; Lipset hypothesis; panel data (search for similar items in EconPapers)
JEL-codes: C23 D72 E21 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2011-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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http://www.bde.es/f/webbde/SES/Secciones/Publicaci ... /11/Fich/dt1115e.pdf First version, July 2011 (application/pdf)

Related works:
Journal Article: Income and democracy: Revisiting the evidence (2012)
Working Paper: Income and Democracy: Revisiting the Evidence (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:1115

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