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Democracy, income inequality and economic development are considered to be interlinked with one another in a complex … important consequences for the economic growth and level of income inequality. We analyzed the interaction among democracy … that democracy, income inequality and economic development are endogenously interlinked in Pakistan. The significance of …
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There is a growing literature studying the effects of economic freedom and democracy on income inequality; nevertheless … democracy is estimated. The findings demonstrate that economic freedom has positive effect on income inequality. The estimated …
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Is inequality harmful for economic growth? Is the underdevelopment of Latin America related to its unequal distribution of wealth? A recently emerging consensus claims not only that economic inequality has detrimental effects on economic growth in general, but also that differences in economic...
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