Titelangaben
Heid, Benedikt ; Langer, Julian ; Larch, Mario:
Income and Democracy : Evidence from System GMM Estimates.
In: Economics Letters.
Bd. 116
(2012)
Heft 2
.
- S. 166-169.
ISSN 0165-1765
DOI: https://doi.org/10.1016/j.econlet.2012.02.009
Abstract
Does higher income cause democracy? Accounting for the dynamic nature and high persistence of income and democracy, we find a statistically significant positive relation between income and democracy for a postwar period sample of up to 150 countries. Our results are robust across different measures of democracy and instrumentation strategies.