Martin Paldam

Income and Democracy: A Comment on Acemoglu, Johnson, Robinson, and Yared (2008)

Publikation: Working paperForskning

  • Martin Paldam
  • Erich Gundlach, Kiel Institute for the World Economy, Tyskland
  • Institut for Økonomi
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.
UdgiverInstitut for Økonomi, Aarhus Universitet
Antal sider10
StatusUdgivet - 2008

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