Inequality and the Instability of Polity and Policy
Bibliographic Data
| ID | 9705897 |
|---|---|
| Authors | Pushan Dutt (0000-0003-3912-3721, INSEAD), Devashish Mitra (0000-0003-3842-3386, Syracuse University, NBER and IZA) |
| Year | 2008 |
| Volume | 118 |
| Issue | 531 |
| Pages | 1285-1314 |
| Publication date | 2008-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2008.02170.x |
| OpenAlex | W3124561683 |
| Language | EN |
| Citations received | 11 |
| References cited | 36 |
We create alternative measures of political instability, which capture only movements from dictatorship to democracy and vice versa and, unlike older, well-known measures, does not capture government changes that preserve the democratic or dictatorial structure of the country. We show that inequality is positively correlated with our measures of political instability as well as with a well-known measure (used by Alesina and Perotti) but the impact of inequality on the latter is only through components of political instability captured by our measures. We show that our measures have significant policy implications - political instability increases both fiscal and trade polity volatility. Copyright (C) The Author(s). Journal compilation (C) Royal Economic Society 2008
Democracy · Dictatorship · Econometrics · Economic inequality · Economics · Inequality · Instability · Keynesian economics · Political economy · Political instability · Political science · Politics · Polity · Volatility (finance · Corruption and Economic Development · Global Financial Crisis and Policies · Law · Mathematics · Monetary Policy and Economic Impact
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| Unique citing works | 11 |
|---|---|
| Citations per year | 0,79 |
| Citation span | 2012 - 2025 (14) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 11 |