Overview
- Sheds light on problems in inequality reduction in emerging democracies that have not been analyzed comprehensively in previous studies
- Reveals the requisite conditions for democratic institutions to function in newly democratized countries by identifying political determinants of inequality
- Provides empirical evidence for the effects of political determinants by employing rigorous quantitative examinations based on both micro and macro data
- Includes supplementary material: sn.pub/extras
Part of the book series: SpringerBriefs in Economics (BRIEFSECONOMICS)
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Table of contents (6 chapters)
Keywords
About this book
This study explores why democratization does not necessarily result in inequality reduction in emerging democracies and reveals the determinants of income inequality in emerging democracies, where the average level of inequality continues to be higher and where there is a larger variance of inequality levels than in advanced democracies. Apart from economic, demographic, and social factors, the book highlights political factors that obstruct redistributive policies. In contrast to conventional studies on advanced democracies, which emphasize the relations between different classes, this study asserts that several political factors cause malfunctioning of democratic institutions at various phases of the political process in emerging democracies: multidimensional preferences, the failure of the political market, and weak state capacity.
The book employs econometric methods to examine the effects of these political factors. The results indicate their significant effects. The multilevel analysis using the World Values Survey demonstrates that multidimensional preferences, operationalized as ethnic fractionalization, weaken demand for income inequality. Political market quality and state capacity are measured by the age of the largest opposition party, and the Quality of Government indicator is used for the unbalanced panel analysis covering the 1985–2012 period for 75 democracies. Both political market quality and state capacity reduce inequality, but the latter takes more time to show its effect.
Authors and Affiliations
Bibliographic Information
Book Title: Political Determinants of Income Inequality in Emerging Democracies
Authors: Takeshi Kawanaka, Yasushi Hazama
Series Title: SpringerBriefs in Economics
DOI: https://doi.org/10.1007/978-981-10-0257-1
Publisher: Springer Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: IDE-JETRO 2016
Softcover ISBN: 978-981-10-0256-4Published: 22 January 2016
eBook ISBN: 978-981-10-0257-1Published: 14 January 2016
Series ISSN: 2191-5504
Series E-ISSN: 2191-5512
Edition Number: 1
Number of Pages: IX, 112
Number of Illustrations: 13 illustrations in colour
Topics: Development Economics, International Political Economy