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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP16719 |
DP16719 Democracy, Growth, Heterogeneity, and Robustness | |
Markus Eberhardt | |
发表日期 | 2021-11-13 |
出版年 | 2021 |
语种 | 英语 |
摘要 | I motivate and empirically investigate differential long-run growth effects of democratisation across countries. While the existing literature recognises the potential for such heterogeneity, empirical implementations to date unanimously assume a common democracy-growth nexus across countries. Adopting novel methods for causal inference in policy evaluation I relax this assumption to confirm that in the long-run democracy has a positive average effect on per capita income of around 10%, adopting a range of alternative definitions for regime change in the form of binary indicators. Guided by existing hypotheses, additional analysis probes the patterns of the heterogeneous 'democratic dividend' across countries. A second common feature of this literature as well as cross-country growth empirics more generally is the absence of concerns for sample selection or influential observations. I carry out two rule-based robustness exercises to demonstrate that my empirical findings are highly robust to substantial changes to the sample. |
主题 | Macroeconomics and Growth ; Political Economy |
关键词 | Democracy Growth Political development Difference-in-difference estimator Interactive fixed effects |
URL | https://cepr.org/publications/dp16719 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545656 |
推荐引用方式 GB/T 7714 | Markus Eberhardt. DP16719 Democracy, Growth, Heterogeneity, and Robustness. 2021. |
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