Replication data for: Income and Democracy
Principal Investigator(s): View help for Principal Investigator(s) Daron Acemoglu; Simon Johnson; James A. Robinson; Pierre Yared
Version: View help for Version V1
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Project Citation:
Acemoglu, Daron, Johnson, Simon, Robinson, James A., and Yared, Pierre. Replication data for: Income and Democracy. Nashville, TN: American Economic Association [publisher], 2008. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113251V1
Project Description
Summary:
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Existing studies establish a strong cross-country correlation between income
and democracy but do not control for factors that simultaneously affect both
variables. We show that controlling for such factors by including country
fixed effects removes the statistical association between income per
capita and various measures of democracy. We present
instrumental-variables estimates that also show no causal effect of income
on democracy. The cross-country correlation between income and democracy
reflects a positive correlation between changes in income and democracy
over the past 500 years. This pattern is consistent with the idea that
societies embarked on divergent political-economic development paths at
certain critical junctures.
Scope of Project
JEL Classification:
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D72 Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
D72 Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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