Reevaluating the modernization hypothesis

Journal of Monetary Economics

Volumn 56, Issue 8, 2009, Pages 1043-1058

  Acemoglu, Daron ^a   Johnson, Simon ^b   Robinson, James A ^c   Yared, Pierre ^d  

^a MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^b MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^c HARVARD UNIVERSITY   (United States)

^d Och Spine at New York Presbyterian Hospitals   (United States)

Author keywords

Democracy; Economic growth; Institutions; Political development

Indexed keywords

EID: 73849087280     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2009.10.002     Document Type: Article

References (31)

1. Acemoglu D., Johnson S., and Robinson J.A. The colonial origins of comparative development: an empirical investigation. American Economic Review 91 (2001) 1369-1401
2. Acemoglu D., Johnson S., and Robinson J.A. Reversal of fortune: geography and institutions in the making of the modern world income distribution. Quarterly Journal of Economics 118 (2002) 1231-1294
3. Acemoglu D., Johnson S., Robinson J.A., and Yared P. Income and democracy. American Economic Review 98 (2008) 808-842
4. Anderson T.W., and Hsiao C. Formulation and estimation of dynamic models using panel data. Journal of Econometrics 18 (1982) 67-82
5. Arellano M., and Bond S.R. Some specification tests for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies 58 (1991) 277-298
6. Barro R.J. The determinants of democracy. Journal of Political Economy 107 (1999) S158-S183
7. Barro, R.J., Lee, J., 2000. International data on educational attainment: updates and implications. CID Working Paper #42.
8. Bertrand M., Duflo E., and Mullainathan S. How much should we trust differences-in-differences estimates?. Quarterly Journal of Economics 119 (2004) 249-275
9. Boix, C., Rosato, S., 2001. A complete data set of political regimes, 1800-1999. Unpublished, Department of Political Science, University of Chicago.
10. Bollen K.A. Political democracy: conceptual and measurement traps. Studies in Comparative International Development 25 (1990) 7-24
11. Bollen, K.A., 2001. Cross-National Indicators of Liberal Democracy, 1950-1990 (computer file), second ICPSR version. University of North Carolina, Chapel Hill, NC (producer), 1998. Inter-university Consortium for Political and Social Research (distributor).
12. Central Intelligence Agency, 2004. CIA World Factbook, Website and Book. Washington, DC.
13. Chamberlain G. Analysis of covariance with qualitative data. Review of Economic Studies 47 (1980) 225-238
14. Engerman S.L., and Sokoloff K.L. Factor endowments institutions and differential paths of growth among new world economies. In: Haber S.H. (Ed). How Latin America Fell Behind (1997), Stanford University Press, Stanford
15. Freedom House, 2004. Freedom in the World, Website and Book. Washington, DC.
16. Griliches Z., and Hausman J. Errors in variables in panel data. Journal of Econometrics 31 (1986) 93-118
17. Hahn J., Hausman J., and Kuersteiner G. Long difference instrumental variable estimation for dynamic panel models with fixed effects. Journal of Econometrics 140 (2007) 574-617
18. Heston, A., Summers, R., Atten, B., 2002. Penn World Tables Version 6.1. Center for International Comparisons at the University of Pennsylvania (CICUP).
19. Lipset S.M. Some social requisites of democracy: economic development and political legitimacy. American Political Science Review 53 (1959) 69-105
20. Londregan J.B., and Poole K.T. Does high income promote democracy?. World Politics 49 (1996) 1-30
21. Maddison, A., 2003. The World Economy: Historical Statistics. Development Centre of the Organization for Economic Cooperation and Development, Paris, France.
22. Marshall, M.G., Jaggers, K., 2004. Political Regime Characteristics and Transitions, 1800-2002. Polity IV Project. University of Maryland.
23. McEvedy, C., Jones, R., 1975. Atlas of World Population History. Facts on File, New York.
24. Moore B. Social Origins of Dictatorship and Democracy (1966), Beacon Press, Boston
25. Moulton B.R. Random group effects and the precision of regression estimates. Journal of Econometrics 32 (1986) 385-397
26. Mundlak Y. On the pooling of time series and cross section data. Econometrica 46 (1978) 69-85
27. Papaioannou, E., Siourounis, G., 2004. Economic and Social Factors Driving the Third Wave of Democratization. Unpublished, London Business School.
28. Przeworski A., Alvarez M., Cheibub J.A., and Limongi F. Democracy and Development: Political Institutions and Material Well-being in the World, 1950-1990 (2000), Cambridge University Press, New York
29. Przeworski A., and Limongi F. Modernization: Theory and Facts. World Politics 49 (1997) 155-183
30. Wooldridge J.M. Econometric Analysis of Cross Section and Panel Data (2002), MIT Press, Cambridge
31. World Bank, 2002. World Development Indicators. CD-ROM and Book. Washington, DC.