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A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...
Persistent link: https://www.econbiz.de/10014461501
institutions on development, the costs of fractionalization, and research on the policies of social inclusion around the world …. -- shared societies ; economic inclusion ; institutions ; economic growth ; income distribution …
Persistent link: https://www.econbiz.de/10009704290
Within the fundamental determinants of cross-country income inequality, "humanly devised" political institutions … inequality explainable by differences in political institutions, we decompose annual cross-country Gini coefficients for 95 … (from a Gini of 0.525 to 0.521) but the portion that cannot be explained by political institutions has increased …
Persistent link: https://www.econbiz.de/10011597855
The empirical literature on the relationship between inequality and growth offers a contradictory assessment: Estimators based on time-series variation indicate a positive link while estimators (also) exploiting the cross-sectional variation suggest a negative relationship. The present paper (i)...
Persistent link: https://www.econbiz.de/10013115713
entrepreneurs as well as societal eudaimonic equality. The ex ante conditions for equality of well-being entail institutions that …
Persistent link: https://www.econbiz.de/10012660133
Evidence from a current panel of harmonized worldwide data highlights a robust negative effect of income inequality on economic growth that we trace back to its transmission channels. Less equal societies tend to have less educated populations and higher fertility rates, but not necessarily...
Persistent link: https://www.econbiz.de/10011309192
, which has focused on the role of institutions in fostering development. Institutions primarily reflect domestic conditions …
Persistent link: https://www.econbiz.de/10014223292
We posit that the relationship between income inequality and economic growth ismediated by the level of equality of opportunity, which we identify with intergenerationalmobility. In economies characterized by intergenerational rigidities, an increase in incomeinequality has persistent...
Persistent link: https://www.econbiz.de/10012889158
factors of nations with different level of development. Central findings suggest that a good governance of institutions …
Persistent link: https://www.econbiz.de/10013228498
. -- political institutions ; political instability ; corruption ; investment ; economic growth ; dynamic panel …
Persistent link: https://www.econbiz.de/10009709592