Inequality in developing economies: the role of institutional development
Adalgiso Amendola,
Joshy Easaw and
Antonio Savoia
Public Choice, 2013, vol. 155, issue 1, 43-60
Abstract:
This paper studies the distributive impact of institutional change in developing countries. In such economies, property rights systems may preserve the interests of an influential minority, who can control key-markets, access to assets and investment opportunities, especially if they enjoy disproportionate political power. We test this hypothesis using cross-section and panel data methods on a sample of low- and middle-income economies from Africa, Asia and Latin America. Results suggest that: (a) increasing property rights protection increases income inequality; (b) this effect is larger in low-democracy environments; (c) some countries have developed political institutions capable of counterbalancing this effect. Copyright Springer Science+Business Media, LLC 2013
Keywords: Inequality; Developing economies; Institutions; Property rights; Democracy; O15; O17; D70 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (27)
Downloads: (external link)
http://hdl.handle.net/10.1007/s11127-011-9838-3 (text/html)
Access to full text is restricted to subscribers.
Related works:
Working Paper: Inequality in Developing Economies: The Role of Institutional Development (2011) 
Working Paper: Inequality in Developing Economies: The Role of Institutional Development (2010) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:kap:pubcho:v:155:y:2013:i:1:p:43-60
Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/11127/PS2
DOI: 10.1007/s11127-011-9838-3
Access Statistics for this article
Public Choice is currently edited by WIlliam F. Shughart II
More articles in Public Choice from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().