Inequality in developing economies: the role of institutional development

Amendola, Adalgiso, Easaw, Joshy ORCID: https://orcid.org/0000-0003-3476-4300 and Savoia, Antonio 2013. Inequality in developing economies: the role of institutional development. Public Choice 155 (1-2) , pp. 43-60. 10.1007/s11127-011-9838-3

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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.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Publisher:	Springer Verlag
ISSN:	1573-7101
Date of Acceptance:	12 July 2011
Last Modified:	26 Oct 2022 08:16
URI:	https://orca.cardiff.ac.uk/id/eprint/127058

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