Political instability: Effects on financial development, roots in the severity of economic inequality

► Political instability impedes financial development. ► Does so more powerfully than other explanations. ► Uses instrumental variable and fixed effects models. ► Inequality-perpetuating conditions induce political instability. ► Inspired by Engerman and Sokoloff’s work. We here bring forward strong...

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Veröffentlicht in:	Journal of Comparative Economics 2011-09, Vol.39 (3), p.279-309
Hauptverfasser:	Roe, Mark J., Siegel, Jordan I.
Format:	Artikel
Sprache:	eng
Schlagworte:	Development economics Development finance Development planning Development strategies Economic development Economic development Political instability Financial development Economic inequality Economic policy Financial development Financial systems Growth rates Income inequality Inequality International organizations International political economy Political conditions Political economy Political instability
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