Institutional Kuznets curve? An empirical analysis with panel data

Diego Martínez-Navarro, Ignacio Amate-Fortes, Almudena Guarnido-Rueda and Francisco J. Oliver-Márquez

Structural Change and Economic Dynamics, 2022, vol. 63, issue C, 35-39

Abstract: The hypothesis that institutions directly influence income distribution has been defended by numerous authors. However, it may be observed that institutions are deteriorating in developed economies, which poses the question: could a phenomenon similar to the Kuznets curve be applied? Using the Worldwide Governance Indicators' index of the quality of institutions from the World Bank, and data on per capita GDP from the Maddison project (using a sample of 156 countries in the period of 1996–2015), there appears to be empirical evidence in favour of the existence of an institutional Kuznets curve, using the Prais-Winsten estimation and the Generalised Method of Moments (GMM).

Keywords: Kuznets curve; Institutions; Development; Governance (search for similar items in EconPapers)
JEL-codes: E02 N4 O11 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:63:y:2022:i:c:p:35-39

DOI: 10.1016/j.strueco.2022.08.008

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