|RELATED TOPICS:||Government and Democracy|
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This paper studies the joint effect of economic and political inequalities on redistributive taxation and institutional quality. The theoretical model suggests that income inequality, coupled with political bias in favor of the rich, decreases redistribution and lowers institutional quality. The effect of the former is to increase productive investment, and the effect of the latter is to decrease it—with resulting ambiguous implications for economic growth. Testing these predictions empirically in a panel of countries, the paper finds that inequality has a negative effect on both institutional quality and redistribution, especially in non-democratic countries.
This report is devoted to the social impact of the crisis and focuses on its effects on employment, nutrition, education, and poverty. It identifes the mechanisms by which the crisis can affect these critical social dimensions, and discusses possible policy responses given each country's circumstances, fiscal space and administrative capabilities. The social challenge generated by the crisis is no ... (View publication)
This report focuses on the region's macroeconomic performance in the context of an unusually sharp and rapid deterioration in external conditions. To assess policy options, the report develops a framework to identify the critical trade-offs faced by countries in the region, and evaluates these trade-offs under alternative, plausible, global economic scenarios. It identifies some of the macroeconom ... (View publication)
This issue of IDEA looks at why similar policies and reforms produce very different results in a variety of countries. It draws from the 2006 IPES, The Politics of Policies, to examine the actors involved in the policymaking process, the stages on which they perform and how the policymaking process plays out in countries throughout Latin America. (View publication)
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