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This working paper advances research on inequality with unique, new data on income distribution in 61 countries, including 20 Latin American countries, to explore the effects of political parties on redistribution. First, consistent with a central, but still contested, assumption of the...
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two views. Property rights do affect development as suggested by the PoI. However, democracy is mainly an effect of …
Persistent link: https://www.econbiz.de/10010265602
The more severe a financial crisis, the greater has been the likelihood of its management under an IMF-supported programme and the shorter the time from crisis onset to programme initiation. Political links to the United States have increased programme likelihood but have prompted faster...
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This paper presents theoretical and empirical evidence on the nexus between corruption and democracy. We establish a … political economy model where the effect of democracy on corruption is conditional on income distribution and property rights … equality which shows that corruption is a nonlinear function of these variables. The results indicate that democracy will work …
Persistent link: https://www.econbiz.de/10008808082
social democracy? And, is it any longer possible to promote a significant redistribution of income in favour of labour …
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This article challenges recent findings that democracy has sizable effects on economic growth. As extensive political … paper focuses on this endogeneity concern. Using a worldwide survey of 165 country-specific democracy experts conducted for … these more exogenous democratizations strongly indicates that democracy does not cause growth. Consequently, the common …
Persistent link: https://www.econbiz.de/10011521223