My da|ra Login

Detailed view

metadata language: English

Replication data for: Mastering Panel Metrics: Causal Impact of Democracy on Growth

Version
1
Resource Type
Dataset
Creator
  • Chen, Shuowen
  • Chernozhukov, Victor
  • Fernández-Val, Iván
Publication Date
2019-05-01
Description
  • Abstract

    We revisit the panel data analysis of Acemoglu et al. (forthcoming) on the relationship between democracy and economic growth using state-of-the-art econometric methods. We argue that panel data settings are high-dimensional, resulting in estimators to be biased to a degree that invalidates statistical inference. We remove these biases by using simple analytical and sample-splitting methods, and thereby restore valid statistical inference. We find that debiased fixed effects and Arellano-Bond estimators produce higher estimates of the long-run effect of democracy on growth, providing even stronger support for the key hypothesis of Acemoglu et al.
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/pandp.20191071 (Text)
Publications
  • Chen, Shuowen, Victor Chernozhukov, and Iván Fernández-Val. “Mastering Panel Metrics: Causal Impact of Democracy on Growth.” AEA Papers and Proceedings 109 (May 2019): 77–82. https://doi.org/10.1257/pandp.20191071.
    • ID: 10.1257/pandp.20191071 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Chen, Shuowen; Chernozhukov, Victor; Fernández-Val, Iván (2019): Replication data for: Mastering Panel Metrics: Causal Impact of Democracy on Growth. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114522V1