Income and Democracy: A Comment on Acemoglu, Johnson, Robinson, and Yared (2008)
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.
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- Daron Acemoglu & Simon Johnson & James A. Robinson & Pierre Yared, 2008.
"Income and Democracy,"
American Economic Review,
American Economic Association, vol. 98(3), pages 808-42, June.
- Acemoglu, Daron & Johnson, Simon & Robinson, James A & Yared, Pierre, 2005. "Income and Democracy," CEPR Discussion Papers 5273, C.E.P.R. Discussion Papers.
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in: Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980-2000, pages 147-180
National Bureau of Economic Research, Inc.
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ICER Working Papers
28-2006, ICER - International Centre for Economic Research.
- Borooah, Vani K. & Paldam, Martin, 2007. "Why is the world short of democracy?: A cross-country analysis of barriers to representative government," European Journal of Political Economy, Elsevier, vol. 23(3), pages 582-604, September.
- Chiara Criscuolo & Ralf Martin, 2005.
"Multinationals and US Productivity Leadership: Evidence from Great Britain,"
CEP Discussion Papers
dp0672, Centre for Economic Performance, LSE.
- Chiara Criscuolo & Ralf Martin, 2009. "Multinationals and U.S. Productivity Leadership: Evidence from Great Britain," The Review of Economics and Statistics, MIT Press, vol. 91(2), pages 263-281, May.
- Chiara Criscuolo & Ralf Martin, 2005. "Multinationals and US productivity leadership: evidence from Great Britain," LSE Research Online Documents on Economics 19914, London School of Economics and Political Science, LSE Library.
- Chiara Criscuolo & Ralf Martin, 2004. "Multinationals and U.S. Productivity Leadership: Evidence from Great Britain," OECD Science, Technology and Industry Working Papers 2004/5, OECD Publishing.
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