Lecture 14

This is a far from perfect research design better

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Unformatted text preview: tries. This is a far from perfect research design, better would be to have a good identi…cation strategy. We look at two in the paper, neither of which are totally convincing but they give very similar results to the James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis October 28, 2009 10 / 12 Table 3a Fixed Effects Results using Freedom House Measure of Democracy Base Sample, 1960-2000 Annual data 5-year data Democracy t-1 Log GDP per Capita t-1 Annual data 5-year data Fixed Fixed Anderson- ArellanoFixed Fixed Fixed Anderson- ArellanoFixed Effects OLS Effects OLS Hsiao IV Bond GMM Effects OLS Effects OLS Effects OLS Hsiao IV Bond GMM Effects OLS (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Dependent Variable is Democracy 0.379 0.469 0.489 [0.00] 0.364 0.470 0.508 [0.00] (0.051) (0.100) (0.085) (0.054) (0.131) (0.093) 0.010 (0.035) 0.054 (0.046) -0.104 (0.107) -0.129 (0.076) [0.33] Time Effects F-test Hansen J Test AR(2) Test Observations Countries R-squared 945 150 0.80 [0...
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