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This paper presents theory and evidence on the relationship between inequality and institutional quality. We propose a model in which the two dynamically reinforce each other and set out to test this relationship with a broad array of institutional measures. We establish double causality between...
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episode took a very heavy toll on the real economy, we argue that this was not a surprising outcome. In particular, historical …
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to aid support through the elasticity of substitution. An empirical analysis of individual attitudes, based on the World … that aid is negatively tied to inequality, corruption and taxes. These results are quite consistent with the analytical …
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