Democratic institutions, natural resources, and income inequality

0511022 - NHÚ 2020 RIV US eng J - Článek v odborném periodiku
Hartwell, C. A. - Horváth, R. - Horváthová, Eva - Popova, Olga
Democratic institutions, natural resources, and income inequality.
Comparative Economic Studies. Roč. 61, č. 4 (2019), s. 531-550. ISSN 0888-7233
Institucionální podpora: RVO:67985998 ; RVO:86652079
Klíčová slova: institutions * natural resources * inequality
Obor OECD: Applied Economics, Econometrics
Způsob publikování: Omezený přístup
http://dx.doi.org/10.1057/s41294-019-00102-2

This paper examines how democratic institutions shape the nexus of natural resources and income inequality, under the hypothesis that democracy can help to alleviate the possible effects that resources may have on income inequality. Starting from a survey of the existing literature, we provide a cross-country regression analysis showing that the effect of natural resources on income inequality does indeed depend on democracy. Our results suggest that, if the level of democracy in a country is high, natural resources have the ability to lower inequality. This finding suggests several avenues for future research.
Trvalý link: http://hdl.handle.net/11104/0301373