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Inequality, Democracy and the Emergence of Institutions

Gradstein, Mark - C.E.P.R. Discussion Papers - 2004

This Paper considers the emergence of institutions as a political outcome, arguing that the support for protection of private property rights is stronger the higher is the economy's aggregate income and the more equal its distribution. When these conditions initially hold, the politically...

Persistent link: https://www.econbiz.de/10005792258

Inequality and Informality

Chong, Alberto; Gradstein, Mark - C.E.P.R. Discussion Papers - 2006

theoretical model in which it is positively related to income inequality, more so under weak institutions, and is negatively … related to the economy's wealth. These predictions are then empirically validated using different proxies of the size of the … informal sector, income inequality, and institutional quality. The results are shown to be robust with respect to a variety of …

Persistent link: https://www.econbiz.de/10005123893

Inequality and Institutions

Chong, Alberto; Gradstein, Mark - C.E.P.R. Discussion Papers - 2004

This Paper presents theory and evidence on the relationship between inequality and institutional quality. We exhibit a …

Persistent link: https://www.econbiz.de/10005124033

Institutional Traps and Economic Growth

Gradstein, Mark - C.E.P.R. Discussion Papers - 2007

This paper's point of departure is that low-quality institutions, concentration of political power, and underdevelopment are persistent over time. Its analytical model views an equal distribution of political power as a commitment device to enhance institutional quality thereby promoting growth....

Persistent link: https://www.econbiz.de/10005497846