Drivers of income inequality in Africa: Does institutional quality matter?

被引：57

作者：

Kunawotor, Mark Edem ^{[1
]}

Bokpin, Godfred Alufar ^{[2
]}

Barnor, Charles ^{[1
]}

机构：

[1] Univ Profess Studies, Dept Banking & Finance, POB LG 149, Legon, Accra, Ghana

[2] Univ Ghana, Dept Finance, Accra, Ghana

来源：

AFRICAN DEVELOPMENT REVIEW-REVUE AFRICAINE DE DEVELOPPEMENT | 2020年 / 32卷 / 04期

关键词：

Africa; control of corruption; income inequality; institutional quality; rule of law; FINANCIAL DEVELOPMENT; INCLUSIVE EDUCATION; EMPIRICAL-ANALYSIS; ECONOMIC-GROWTH; CORRUPTION; TECHNOLOGY; POVERTY;

D O I：

10.1111/1467-8268.12473

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This paper examines the role institutional quality plays amongst the empirical drivers of income inequality in Africa. Using a dynamic two-step difference GMM with robust standard errors over the period 1990-2017, we find no statistically significant effect of institutions in general, on income inequality. However, we find that institutional quality indicators such as control of corruption and the strict enforcement of the rule of law significantly reduce income inequality. We also find no statistically significant effects of the other institutional quality indicators such as government effectiveness, voice and accountability, regulatory quality and political stability on income inequality in our sample. We suggest that more premium be placed on corruption control and the stringent adherence to the rule of law in ensuring equitable distribution of income in Africa. Furthermore, we re-echo suggestions that promote institutional development in Africa as institutions in general remain very weak.

引用

页码：718 / 729

页数：12

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