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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...
Persistent link: https://www.econbiz.de/10013126360
This Paper presents theory and evidence on the relationship between inequality and institutional quality. We exhibit a model in which the two dynamically reinforce each other and set to test this relationship with a broad array of institutional measures. We establish the double causality between...
Persistent link: https://www.econbiz.de/10014068193
Persistent link: https://www.econbiz.de/10011448964
from 1970 - 2013, taking into account structural breaks. To better reflect causality, corruption and trade are included as … causal direction. Our estimation results suggest GDP growth has one cointegrating vector relationship with corruption, EU aid … to GDP growth and a short-run unidirectional causal relationship from trade to GDP growth. Corruption (which is a …
Persistent link: https://www.econbiz.de/10011392168
from 1970-2013, taking into account structural breaks. To better reflect causality, corruption and trade are included as … causal direction. Our estimation results suggest GDP growth has one cointegrating vector relationship with corruption, EU aid … to GDP growth and a short-run unidirectional causal relationship from trade to GDP growth. Corruption (which is a …
Persistent link: https://www.econbiz.de/10013012082
findings exhibit significant causal relationships running from economic growth to the eradication of corruption, the …
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