Clear and Clean: The Fixed Effects of the Liberal Peace
AbstractIn their article in this issue, Donald P. Green, Soo Yeon Kim, andDavid H. Yoon claim, contrary to liberal theory and extensive evidencefrom pooled time-series analyses, that neither joint democracy noreconomic interdependence significantly reduces the frequency ofmilitarized interstate disputes when dyadic fixed effects are taken intoaccount. Similarly, their fixed-effects analyses contradict theory andprevious evidence that democracies have higher levels of trade with oneanother than do other types of states. Our reexamination, however,refutes both claims and reinforces previous findings. Theirxed-effects analysis of disputes produces distorted results because theyconsider a relatively short period of time, 1951 92, in which variationis limited in the binary dependent variable and in the key independentvariables. When we analyze a longer period (1886 1992) with greatervariation in the data, the results confirm that democracy andeconomically important trade have important pacific benefits. Thedifferences between our analyses of the volume of bilateral trade andthose of Green, Kim, and Yoon primarily arise from a seemingly minormethodological decision: how to treat zero levels of trade when takingthe logarithm. A more reasonable method produces more reasonableresults: democracies have higher levels of trade than expected on purelyeconomic grounds. A fixed-effects model is seldom the best means ofanalyzing dyadic data. Indeed, our analyses illustrate the pitfalls thatcan occur in its use. Nevertheless, our findings regarding disputes andtrade provide additional confirmations of liberal theories ofinternational relations.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Cambridge University Press in its journal International Organization.
Volume (Year): 55 (2001)
Issue (Month): 02 (March)
Contact details of provider:
Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK
Fax: +44 (0)1223 325150
Web page: http://journals.cambridge.org/jid_INOProvider-Email:email@example.com
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Alan Taylor & Reuven Glick, 2005.
"Collateral Damage: Trade Disruption and the Economic Impact of War,"
515, University of California, Davis, Department of Economics.
- Reuven Glick & Alan M. Taylor, 2010. "Collateral Damage: Trade Disruption and the Economic Impact of War," The Review of Economics and Statistics, MIT Press, vol. 92(1), pages 102-127, February.
- Taylor, Alan & Glick, Reuven, 2005. "Collateral Damage: Trade Disruption and the Economic Impact of War," Working Papers 05-15, University of California at Davis, Department of Economics.
- Reuven Glick & Alan M. Taylor, 2005. "Collateral Damage: Trade Disruption and the Economic Impact of War," NBER Working Papers 11565, National Bureau of Economic Research, Inc.
- Glick, Reuven & Taylor, Alan M, 2005. "Collateral Damage: Trade Disruption and the Economic Impact of War," CEPR Discussion Papers 5209, C.E.P.R. Discussion Papers.
- Reuven Glick & Alan M. Taylor, 2005. "Collateral damage: trade disruption and the economic impact of war," Working Paper Series 2005-11, Federal Reserve Bank of San Francisco.
- Sergey Mityakov & Heiwai Tang & Kevin K. Tsui, 2011. "Geopolitics, Global Patterns of Oil Trade, and China¡¦s Oil Security Quest," Working Papers 322011, Hong Kong Institute for Monetary Research.
- Sergey Mityakov & Heiwai Tang & Kevin K. Tsui, 2012.
"International Politics and Import Diversification in the Second Wave of Globalization,"
Development Working Papers
342, Centro Studi Luca d\'Agliano, University of Milano, revised 13 Nov 2012.
- Sergey Mityakov & Heiwai Tang & Kevin K. Tsui, 2012. "InternationalPolitics and Import Diversification in the Second Wave of Globalization," Discussion Papers Series, Department of Economics, Tufts University 0770, Department of Economics, Tufts University.
- Dirk Nabers, 2007. "Crises, Hegemony and Change in the International System: A Conceptual Framework," GIGA Working Paper Series 50, GIGA German Institute of Global and Area Studies.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Waters).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.