A latent democracy measure 1850-2000

By Anonymous (not verified), 26 August, 2019
Foldvari, P.

In this paper we apply a factor analysis with a measurement error model to extractthe latent democracy variable from the components of polity2 and Vanhanen’s Index ofDemocracy, under the assumption that each of these components are driven by a commonlatent factor with different amount of measurement errors. We use the estimated latentdemocracy variable to estimate the distribution of democracy across countries over the 1860-2000 period.