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Income and democracy: Evidence from system GMM estimates

  • Heid, Benedikt
  • Langer, Julian
  • Larch, Mario

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.

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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 116 (2012)
Issue (Month): 2 ()
Pages: 166-169

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Handle: RePEc:eee:ecolet:v:116:y:2012:i:2:p:166-169
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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