Are all democracies equally good? The role of interactions between political environment and inequality for rule of law

Cervellati, Matteo; Fortunato, Piergiuseppe und Sunde, Uwe (2007): Are all democracies equally good? The role of interactions between political environment and inequality for rule of law. IZA Discussion Papers / Forschungsinstitut für Zukunft und Arbeit, Bonn,

Abstract

Using cross-country data, we find evidence for a significant negative interaction effect between democracy and inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with institutions of higher quality when inequality is lower.

• Dokumententyp: Paper
• Fakultät: Volkswirtschaft ; Volkswirtschaft > Lehrstühle > Seminar für Bevölkerungsökonomik
• Themengebiete: 300 Sozialwissenschaften > 330 Wirtschaft
• Sprache: Englisch