01797cas a2200301 a 4500 AALejournalIMF013246 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475596649 1018-5941 BD-DhAAL BD-DhAAL Hoeffler, Anke. Income and Democracy : Lipset's Law Revisited / Anke Hoeffler, Robert H. Bates, Ghada Fayad. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We revisit Lipset's law, which posits a positive and significant relationship between income and democracy. Using dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its resource and non-resource components, we find that the coefficient on the latter is positive and significant while that on the former is significant but negative, indicating that the role of resource income is central to the result. Mode of access: Internet Coefficient imf Income imf WP imf Bates, Robert H. Fayad, Ghada. IMF Working Papers; Working Paper ; No. 2012/295 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/295/001.2012.issue-295-en.xml IMF e-Library