The distributive effects of institutional quality when government stability is endogenous

Carmignani, Fabrizio (2009) The distributive effects of institutional quality when government stability is endogenous. European Journal of Political Economy, 25 4: 409-421. doi:10.1016/j.ejpoleco.2009.03.003

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Author Carmignani, Fabrizio
Title The distributive effects of institutional quality when government stability is endogenous
Journal name European Journal of Political Economy   Check publisher's open access policy
ISSN 0176-2680
1873-5703
Publication date 2009-12-01
Year available 2009
Sub-type Article (original research)
DOI 10.1016/j.ejpoleco.2009.03.003
Volume 25
Issue 4
Start page 409
End page 421
Total pages 13
Editor A. L. Hillman
H.W. Ursprung
J. de Haan
Place of publication Amsterdam, The Netherlands
Publisher Elsevier
Collection year 2010
Language eng
Subject C1
140212 Macroeconomics (incl. Monetary and Fiscal Theory)
140304 Panel Data Analysis
Abstract Redistribution is the strategic response of the incumbent to a decrease in its survival probability resulting from weak institutions and growing income inequalities. The purpose of the paper is to test empirically the validity of this conjecture. System and single equation estimations provide a consistent picture: (i) bad institutions increase income inequality, while more redistribution reduces income inequality; (ii) greater inequality increases the probability of government termination; and (iii) a higher probability of termination increases the extent of redistribution. Overall, there is strong evidence in support of the proposed conjecture.
Keyword Institutional quality
Income distribution
Political stability
Panel data models
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: 2010 Higher Education Research Data Collection
ERA 2012 Admin Only
School of Economics Publications
 
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Citation counts: TR Web of Science Citation Count  Cited 8 times in Thomson Reuters Web of Science Article | Citations
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Created: Tue, 09 Mar 2010, 17:15:08 EST by Alys Hohnen on behalf of School of Economics