A latent democracy measure 1850-2000

Péter Földvári

No 59, Working Papers from Utrecht University, Centre for Global Economic History

Abstract: In this paper we apply a factor analysis with a measurement error model to extract the latent democracy variable from the components of polity2 and Vanhanen’s Index of Democracy, under the assumption that each of these components are driven by a common latent factor with different amount of measurement errors. We use the estimated latent democracy variable to estimate the distribution of democracy across countries over the 1860- 2000 period.

Keywords: latent variable estimation; democracy; factor analysis (search for similar items in EconPapers)
Pages: 19 pages
Date: 2014-07
New Economics Papers: this item is included in nep-gro, nep-his and nep-pol
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