4 research outputs found
The Effect of Income on Democracy Revisited A Flexible Distributional Approach
We reexamine the effect of economic development on the level of democ-
racy based on the data sets of Acemoglu et al. (Am Econ Rev 98(3):808–842,
2008)
with a novel regression specification utilizing a zero–one-inflated beta distribution for
the response variable democracy. Contrary to the results of Acemoglu et al. (
2008),
some support for a positive association between income and democracy is found when
assuming that the variance of explanatory variables is heterogenous. In particular, our
results show that rising income is associated with a probability of becoming fully
democratic, but income is not generally associated with the mean level of democrac