Mamoon, Dawood (2010): Transitioning Democracies are a Risky Business in the South.
Download (177kB) | Preview
The paper finds that trade is insignificant in explaining income inequality. The results also suggest institutions are good for inequality mitigation for a larger sample of developed and developing countries. Though, the results do not change for some institutions like rule of law when the sample is restricted to developing countries. However, for other institutions like democracy and autocracy, the author finds that former is positively related with inequality and later is negatively related. The results shed light on the fact that transition to democracies come with higher risks for the developing countries and stable economies even with autocratic setup may have more equal societies when compared to newly adopted democratic set ups.
|Item Type:||MPRA Paper|
|Original Title:||Transitioning Democracies are a Risky Business in the South|
|English Title:||Transitioning Democracies are a Risky Business in the South|
|Keywords:||Institutions, Trade, Inequality|
|Subjects:||O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O43 - Institutions and Growth
P - Economic Systems > P4 - Other Economic Systems > P45 - International Trade, Finance, Investment, and Aid
|Depositing User:||Dawood Mamoon|
|Date Deposited:||28. Mar 2011 10:14|
|Last Modified:||15. Feb 2013 03:56|
Acemoglu, D. (2003) ‘The Form of Property Rights: Oligarchic vs. Democratic Societies,’ NBER Working Papers 10037, National Bureau of Economic Research, Inc. Alcala, F. and A. Ciccone (2001) ‘Trade and Productivity,’ CEPR Discussion Paper No. 3095. Chong, A. and M. Gradstein (2004) ‘Inequality and Institutions,’ Inter-American Development Bank, Working Paper No. 506.
Dollar, D. and A. Kraay (2003) ‘Institutions, Trade and Growth,’ Journal of Monetary Economics, 50 (1), pp. 133-162.
Easterly, W. (2004) ‘The Middle Class Consensus and Economic Development,’ Journal of Economic Growth, 6(4), pp. 317-336.
Edwards, S. (1998) ‘Openness, Productivity and Growth: What Do We Really Know?’ Economic Journal, 108, pp. 383-398.
Frankel, J. and D. Romer (1999) ‘Does Trade Cause Growth?’ American Economic Review, 89(3), pp. 379-399.
Glaeser, E.L., R. La Porta,, F. Lopez-de-Silanes and A. Shleifer (2004a) ‘Do Institutions cause Growth’, Journal of Economic Growth 9(3): 271-303.
Glaeser, E.L., R. La Porta,, F. Lopez-de-Silanes, and A. Shleifer (2004b) ‘Explaining Growth: Institutions, Human Capital, and Leaders’, PD: Preliminary Draft, http://www.brook.edu/es/commentary/journals/bpea_macro/papers/20040325_glaeser.pdf
Greenaway, D., W. Morgan, and P. Wright (2001) ‘Trade Liberalisation and Growth in Developing Countries,’ Journal of Development Economics, 67, pp. 229-224.
Hall, R. E., and C. Jones (1999) ‘Why do Some Countries Produce So Much More Output per Worker than Others?’ Quaterly Journal of Economics, 114, pp. 83-116
Kaplan, R. D. (2001), ‘The Coming Anarchy: Shattering the Dreams of the Post Cold War,’ New York: Vintage Books
Kaufman, D., A. Kraay and Z. Lobaton (2002) ‘Governance Matters II: Updated Indicators for 2000/01,’ Policy Research Working Paper 2772, The World Bank, http://www.worldbank.org/wbi/governance/pdf/govmatters2.pdf
Keefer, P. (2002) ‘Polarisation, Politics, and Property Rights: Links between Inequality and Growth,’ Public Choice, 111(1-2), pp. 127-54
Rodrik, D., A. Subramanian and F. Trebbi (2004) ‘Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development,’ Journal of Economic Growth, 9(2), pp. 131-165
Rodrik, D. and R. Wacziarg (2005) ‘Do Democratic Transitions Produce Bad Economic Outcomes?’ American Economic Review, American Economic Association, vol. 95(2), pages 50-55,
Rose, A., (2002) ‘Do WTO Members Have a More Liberal Trade Policy?’ NBER Working Paper 9347.
Zakaria, F. (2003) ‘The Future of Freedom: Illiberal Democracy at Home and Abroad’, New York: W. W. Norton and Co.