- PII
- S042473880000616-6-1
- DOI
- 10.7868/S0000616-6-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume / Issue №1
- Pages
- 15-29
- Abstract
- In the works (Polterovich, Popov, 2007; Polterovich, Popov, Tonis, 2007, 2008), it was established that when the quality of institutions is low, democratization negatively affects economicgrowth; some mechanisms of this influence were studied. The article provides an overviewof the relevant results and explores another mechanism related to income distribution.Based on econometric calculations, it is shown that with imperfect institutions,democratization and an increase in resource wealth are associated with an increase in inequality, which increases the level of inequality.instability of democracy. And the instability of the political regime, in turn, leads to adeterioration in the quality of institutions and negatively affects the growth rate. Empirical observationsare explained in the framework of a game-theoretic model that demonstrates the instability ofdemocracy with weak institutions and a high concentration of income.
- Keywords
- -
- Date of publication
- 01.01.2009
- Year of publication
- 2009
- Number of purchasers
- 0
- Views
- 1056
RAS Social ScienceЭкономика и математические методы Economics and the Mathematical Methods
- ISSN (Print) 0424-7388
- ISSN (Online) 3034-6177
INCOME CONCENTRATION, DEMOCRACY INSTABILITY AND ECONOMIC GROWTH
Indexing
Scopus
Crossref
Higher Attestation Commission
At the Ministry of Education and Science of the Russian Federation
Scientific Electronic Library