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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/4181| Title: | A farewell to critical junctures : sorting out long-run causality of income and democracy |
| Keywords: | B25 O1 ddc:330 Long-run growth democracy unified growth theory biogeography Wirtschaftswachstum Wachstumstheorie Demokratisierung Evolutionsökonomik Ökonomische Theorie der Demokratie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Institut for Økonomi, Århus |
| Description: | We consider the empirical relevance of two opposing hypotheses on the causality between income and democracy: The Democratic Transition claims that rising incomes cause a transition to democracy, whereas the Critical Junctures hypothesis denies this causal relation. Our empirical strategy is justified by Unified Growth Theory, which hypothesizes that the present international income differences have roots in the prehistoric past. Thus, we use prehistoric measures of biogeography as instruments for modern income levels, and find a large long-run causal effect of income on the degree of democracy. This result rejects the Critical Junctures hypothesis, which is an important part of the Primacy of Institutions view. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/4181 |
| Other Identifiers: | Working paper Institut for Økonomi, Århus 2008,4 http://hdl.handle.net/10419/4181 ppn:55855895X ppn:55855895X |
| Appears in Collections: | EconStor |
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