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Democracy and income inequality: revisiting the long- and short-term relationship
Review of Economics and Institutions
View Archive Info| Field | Value | |
| Title |
Democracy and income inequality: revisiting the long- and short-term relationship
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| Creator |
Nikoloski, Zlatko; London School of Economics
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| Subject |
Economics
democracy, income inequality, political economy, economic development, developing countries, World — |
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| Description |
This paper studies the relationship between democracy andincome inequality in long- and short/medium-run. Using appropriate econometrictechniques on both, averaged and panel data for the period 1962-2006, we findno evidence that democracy is associated with tighter income distribution. Ourresults are robust to different specification techniques, to exclusion ofdeveloped as well as the transition countries. We speculate that the different(and opposing) transmission mechanisms, as well as the nature and thedefinition of the democracy variables (both Polity IV and Freedom House)influence our results. Improvement of conceptualization and measurement of democracycould shed further light onto the democracy-inequality nexus.
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| Publisher |
University of Perugia
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| Contributor |
—
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| Date |
2015-12-10
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.rei.unipg.it/rei/article/view/138
10.5202/rei.v6i2.138 |
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| Source |
Review of Economics and Institutions; Vol 6, No 2 (2015); 24
2038-1379 2038-1344 |
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| Language |
eng
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| Relation |
http://www.rei.unipg.it/rei/article/view/138/159
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| Rights |
—
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