Data: Democracy and income: A time series analysis with special reference to Africa
Africa experienced a wave of democratization over the past 20 years and this increase in democracy, we find, positively and significantly affects income per capita. Our dynamic panel data results suggest that countries only slowly converge to their long-run income values as predicted by current democracy levels, however. African countries may therefore be currently too democratic relative to their income levels. In keeping with this possibility, a significant number of countries are experiencing political ‘back sliding’: elections are won by the use of illicit tactics, term limits on political leaders have been overturned and there have been unconstitutional seizures of power.
The paper uses the Penn World Tables. The link leads to these.