Economic Growth

[* EiR = Econometrics in Replications, a feature of TRN that highlights useful econometrics procedures for re-analysing existing research. The material for this blog is drawn from a recent working paper, “ On the measurement of importance” by Olivier Sterck.] NOTE: The files (Stata) necessary to produce the results in the tables below are posted at Harvard’s Dataverse: click here.

[This Guest Blog is a repost of a blog by Markus Eberhardt, published at Vox – CEPR Policy Portal] Recent evidence suggests that a country switching to democracy achieves about 20% higher per capita GDP over subsequent decades. This column demonstrates the sensitivity of these findings to sample selection and presents an implementation which generalises the empirical approach.