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Income Distribution, Political Instability, and Investment

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NBER1993-10-01 更新2025-01-04 收录
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This paper successfully tests on a sample of 70 countries for the period 1960-85 the following hypotheses. Income inequality, by fueling social discontent, increases socio-political instability. The latter, by creating uncertainty in the politico-economic environment, reduces investment. As a

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1993-10-01
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