Using data for a large panel of countries, this paper investigates the role played by income inequality and fiscal stimuli episodes in shaping the likelihood of political stability. By means of Tobit estimations, we show that a rise in inequality increases the probability of government crises. However, such adverse distributional effect is reduced when expansionary or increasingly expansionary fiscal stimuli episodes or successful fiscal stimuli programs are put in place.
Agnello, L., Castro, V., Jalles, J., Sousa, R. (2017). Income inequality, fiscal stimuli and political (in)stability. INTERNATIONAL TAX AND PUBLIC FINANCE, 24(3), 484-511 [10.1007/s10797-016-9428-x].
Income inequality, fiscal stimuli and political (in)stability
AGNELLO, Luca
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2017-01-01
Abstract
Using data for a large panel of countries, this paper investigates the role played by income inequality and fiscal stimuli episodes in shaping the likelihood of political stability. By means of Tobit estimations, we show that a rise in inequality increases the probability of government crises. However, such adverse distributional effect is reduced when expansionary or increasingly expansionary fiscal stimuli episodes or successful fiscal stimuli programs are put in place.
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