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- W2569593487 abstract "The correlation between democracy and income inequality, as well as the direction of causation is still debated. In this paper, we conduct a dynamic panel data analysis for all 34 Organisation for Economic Co-operation and Development member states over the period 1960–2012 and illustrate a nonmonotonic relationship between inequality and democracy, as well as test the direction of causation by employing a noncausal homogeneity test in a panel Granger framework and the Dumitrescu and Hurlin noncausal heterogeneity test. We provide an explanation for the inverted U-shaped relation. In addition, we illustrate individual regression results for 12 exemplary Organisation for Economic Co-operation and Development countries and provide a concise illustration of the economic and political changes to which countries have been subjected while elaborating the effect of the underlying policies on democracy and income equality." @default.
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- W2569593487 date "2017-01-04" @default.
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- W2569593487 title "Democratization and inequality: Empirical evidence for the Organisation for Economic Co-operation and Development member countries" @default.
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- W2569593487 doi "https://doi.org/10.1177/0263774x16684521" @default.
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