Income and democracy: Evidence from nonlinear estimations

Jess Benhabib, Alejandro Corvalan, Mark M. Spiegel

    Research output: Contribution to journalArticle

    Abstract

    We test the relation between income and democracy during the postwar period. We employ panel estimation methods that explicitly allow for the fact that the primary measures of democracy are censored with substantial mass at the boundaries. We find that the statistically significant positive income-democracy relationship is robust to the inclusion of country fixed effects.

    Original languageEnglish (US)
    Pages (from-to)489-492
    Number of pages4
    JournalEconomics Letters
    Volume118
    Issue number3
    DOIs
    StatePublished - Mar 1 2013

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    Keywords

    • Censoring
    • Democracy
    • Dynamic panel
    • Income
    • Modernization theory

    ASJC Scopus subject areas

    • Finance
    • Economics and Econometrics

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