Arbeitspapier
A farewell to critical junctures: Sorting out long-run causality of income and democracy
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Working Paper ; No. 2008-4
- Klassifikation
-
Wirtschaft
History of Economic Thought since 1925: Historical; Institutional; Evolutionary; Austrian; Stockholm School
- Thema
-
democracy
unified growth theory
biogeography
Long-run growth
Wirtschaftswachstum
Wachstumstheorie
Demokratisierung
Evolutionsökonomik
Ökonomische Theorie der Demokratie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gundlach, Erich
Paldam, Martin
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Aarhus, School of Economics and Management
- (wo)
-
Aarhus
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gundlach, Erich
- Paldam, Martin
- University of Aarhus, School of Economics and Management
Entstanden
- 2008
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