Inequality in Developing Economies: The Role of Institutional Development
Joshy Easaw and
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Joshy Easaw: University of Swansea
No 1107, Discussion Papers from University of Exeter, Department of Economics
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) few countries have developed political institutions capable of counterbalancing this effect.
Keywords: Inequality; developing economies; institutions; property rights; democracy. (search for similar items in EconPapers)
JEL-codes: D70 O15 O17 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-pol and nep-sea
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Journal Article: Inequality in developing economies: the role of institutional development (2013)
Working Paper: Inequality in Developing Economies: The Role of Institutional Development (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:exe:wpaper:1107
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