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EBERHARDT: Revisiting the Causal Effect of Democracy on Long-run Development
[This Guest Blog is a repost of a blog by Markus Eberhardt, published at Vox – CEPR Policy Portal] Recent evidence suggests that a country switching to democracy achieves about 20% higher per capita GDP over subsequent decades. This column…
Read MoreGOODMAN: Your p-Values Are Too Small! And So Are Your Confidence Intervals!
An oft-overlooked detail in the significance debate is the challenge of calculating correct p-values and confidence intervals, the favored statistics of the two sides. Standard methods rely on assumptions about how the data were generated and can be way off…
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