Inequality and Institutions
This paper presents theory and evidence on the relationship between inequality and institutional quality. We exhibit a model in which the two may dynamically reinforce each other and set to test this relationship with a broad array of institutional measures. The double causality between institutional strength and a more equal distribution of income is empirically established using dynamic panel and linear feedback analysis. Copyright by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
Year of publication: |
2007
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Authors: | Chong, Alberto ; Gradstein, Mark |
Published in: |
The Review of Economics and Statistics. - MIT Press. - Vol. 89.2007, 3, p. 454-465
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Publisher: |
MIT Press |
Saved in:
Online Resource
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