Logo
Munich Personal RePEc Archive

Income Inequality, Poverty, and the Rule of Law: Latin America vs the Rest of the World1

Sonora, Robert (2019): Income Inequality, Poverty, and the Rule of Law: Latin America vs the Rest of the World1.

[thumbnail of MPRA_paper_91512.pdf] PDF
MPRA_paper_91512.pdf

Download (1MB)

Abstract

This paper investigates the relationship between the rule of law and income inequality and poverty in twenty Latin American countries using an unbalanced panel over the period 1995 - 2014. These results are then compared to estimates for non-Latin American counties. Using feasible GLS panel methods, we finnd that in many cases, improvements to legal systems reduce inequality and poverty in Latin America while having the opposite effect in the rest of the world. Results are robust to different definitions of inequality and rule of law. Protection of property rights is the most significant rule of law indicator for Latin America economies.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.