Article ID Journal Published Year Pages File Type
5092490 Journal of Comparative Economics 2011 31 Pages PDF
Abstract
► 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.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Political instability: Effects on financial development, roots in the severity of economic inequality
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