Journal article 630 views
Inequality in developing economies: the role of institutional development
Adalgiso Amendola,
Joshy Easaw,
Antonio Savoia
Public Choice, Volume: 155, Issue: 1-2, Pages: 43 - 60
Swansea University Author: Joshy Easaw
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DOI (Published version): 10.1007/s11127-011-9838-3
Abstract
This paper studies the distributive impact of institutional change in developing countries. Insuch economies, economic institutions, such as property rights systems, may act to preservethe interests of an influential minority, but this depends crucially on the level of politicalequality. For example...
| Published in: | Public Choice |
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| ISSN: | 0048-5829 1573-7101 |
| Published: |
2013
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| Online Access: |
Check full text
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa7896 |
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| Abstract: |
This paper studies the distributive impact of institutional change in developing countries. Insuch economies, economic institutions, such as property rights systems, may act to preservethe interests of an influential minority, but this depends crucially on the level of politicalequality. For example, dominant classes can control key-markets, access to assets andinvestment opportunities, especially if they enjoy disproportionate political power. We testthis hypothesis using cross-section and panel data methods on a sample of low- and middleincomeeconomies from Africa, Asia and Latin America. Results suggest that: (a) increasingthe protection of property rights increases income inequality; (b) such an effect is larger inlow-democracy environments; (c) a minority of countries have developed a set politicalinstitutions capable of counterbalancing this effect. |
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| College: |
Faculty of Humanities and Social Sciences |
| Issue: |
1-2 |
| Start Page: |
43 |
| End Page: |
60 |