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This paper studies, within a growth model, some effects of the inequality between the profit and growth rates on the reproduction of economic elites. To this end, it considers as functions of the capital/income ratio the relations between, on the one hand, the rate of economic growth and, on the...
Persistent link: https://www.econbiz.de/10012962048
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … suggesting that inequality tends to increase after democratization when the economy has already undergone significant structural …
Persistent link: https://www.econbiz.de/10013071803
In this paper we revisit the relationship between democracy, redistribution, and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … suggesting that inequality tends to increase after democratization when the economy has already undergone significant structural …
Persistent link: https://www.econbiz.de/10014025324
We incorporate the division of income between capital and labor into analysis on the relationship between inequality and growth. Using historical data, we document that changes in the top 1 % income shares are positively associated with subsequent growth of per capita GDP when the capital share...
Persistent link: https://www.econbiz.de/10013239632
Persistent link: https://www.econbiz.de/10011670633
Persistent link: https://www.econbiz.de/10009691372
democratization and therefore prefer political institutions with strong veto players. Parallel civilian interests conversely suffer … democratizations are partially planned while most democratization events from civilian autocracy are either unforeseen or poorly … planned. Exploring the characteristics of 111 democratization episodes between 1950 and 2015, I find a number of features …
Persistent link: https://www.econbiz.de/10011763058
economics and neighboring fields that discusses democratization as well as established democracies’ stability and other …
Persistent link: https://www.econbiz.de/10012145429
price shock can push the country into a situation where the elite face a commitment problem that only democratization can …This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the … threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world …
Persistent link: https://www.econbiz.de/10010485531
considered. Under certain circumstances, a process of full democratization is argued not to represent an optimal choice for the …
Persistent link: https://www.econbiz.de/10009535530