Economic Security, Well Functioning Courts and a Good Government

Dawood Mamoon

MPRA Paper from University Library of Munich, Germany

Abstract: The paper defines economic security as a country’s ability to re distribute incomes through a strong governance structure by practicing rule of law, eliminating corruption and a government that acts as a facilitator by formulating effective fiscal and monetary policy and regulation. The results suggest that courts that implement national laws effectively and punish corruption and a government that has balance budgets and investment friendly monetary policy ensures economic security by means of welfare friendly outcomes that favor the incomes of the poor and middle class. There is also evidence that redistribution takes place from rich to the poor. As a result income and wage inequalities fall down.

Keywords: Governance; Redistribution; Inequality (search for similar items in EconPapers)
JEL-codes: D63 E02 (search for similar items in EconPapers)
Date: 2011-04-29
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Journal Article: Economic security, well functioning courts and a good government (2012)
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