Political and Economic Inequities and the Shaping of Institutions and Redistribution

Alberto Chong, Mark Gradstein

Producción científica: Contribución a una revistaArtículo de revista revisión exhaustiva

6 Citas (Scopus)

Resumen

The theoretical model suggests that income inequality, coupled with political bias in favor of the rich, decreases redistribution and lowers institutional quality. The effect of the former is to increase productive investment, and the effect of the latter is to decrease it—with resulting ambiguous implications for economic growth. Testing these predictions empirically in a panel of countries, we find that inequality has a negative effect on both institutional quality and redistribution.
Idioma originalInglés
Páginas (desde-hasta)952-971
Número de páginas20
PublicaciónSouthern Economic Journal
Volumen83
N.º4
DOI
EstadoPublicada - 1 abr. 2017

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