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The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
May 2000 - A higher share of income for the middle class and lower ethnic polarization are empirically associated with higher income, higher growth, more education, better health, better infrastructure, better economic policies, less political instability, less civil war (putting ethnic...
Persistent link: https://www.econbiz.de/10010524525
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A higher share of income for the middle class and lower ethnic polarization are empirically associated with higher income, higher growth, more education, better health, better infrastructure, better economic policies, less political instability, less civil war (putting ethnic minorities at...
Persistent link: https://www.econbiz.de/10012748896
Persistent link: https://www.econbiz.de/10011833393
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cooperation. Taken together, these contributions show that economics needs a theory of conflict to understand both outright …
Persistent link: https://www.econbiz.de/10010353640
The relationship between the distribution of political rights and that of economic resources has been studied both theoretically and empirically. This paper reviews the existing literature and, in particular, the available empirical evidence.Our reading of the literature suggests that formal...
Persistent link: https://www.econbiz.de/10009781532
In political philosophy, economic theory and public discourse, there is a seemingly endless debate on what the essence … of equality and freedom is and what relation between the two is essential to a good political order. Views range from the … conviction that too much socio-economic equality jeopardises freedom to the position that a certain level of equality is …
Persistent link: https://www.econbiz.de/10011763781