English, Article, Journal or magazine article edition: Inequality and Sequence of Economic Liberalization and Democratization Nobuhiro Mizuno

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Bookmark: http://trove.nla.gov.au/version/45906
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Inequality and Sequence of Economic Liberalization and Democratization
Author
  • Nobuhiro Mizuno
Physical Description
  • preprint
Notes
  • Some recent empirical studies found positive effects of economic liberalization on democratization. Based on these findings, this paper explains why the sequence of economic liberalization and democratization is related to the effects of the two reforms on economic performance. Since economic liberalization increases the probability of democratization and democratization leads to income redistribution, in an economy with large inequality between the elite and the poor, the elite do not implement economic liberalization, and democratization occurs first. In such an economy, the effects of economic liberalization and democratization are lower because of distortions caused by large-scale income redistribution.
  • RePEc:kyo:wpaper:673
Language
  • English
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