Weak Instruments and Weak Identification in Estimating the Effects of Education on Democracy
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American Development Bank Working Paper; 569
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COVIELLO, Decio, BOBBA, Matteo, Weak Instruments and Weak Identification in Estimating the Effects of Education on Democracy, American Development Bank Working Paper, 569 - https://hdl.handle.net/1814/6082
Abstract
Is there any relation between education and democracy? Once we correct for weak instruments and identify education as 'weakly exogenous' we find new evidence that education systematically predicts democracy. Our results are robust across model specification, instrumentation strategies, and samples.