Income and democracy: Evidence from nonlinear estimations

Jess Benhabib, Alejandro Corvalan, Mark M. Spiegel

    Research output: Contribution to journalArticlepeer-review


    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
    Issue number3
    StatePublished - Mar 2013


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

    ASJC Scopus subject areas

    • Finance
    • Economics and Econometrics


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