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Institutional Kuznets curve? An empirical analysis with panel data.

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Title: Institutional Kuznets curve? An empirical analysis with panel data.
Authors: Martínez-Navarro, Diego1 (AUTHOR) dmn011@ual.es, Amate-Fortes, Ignacio1 (AUTHOR) iamate@ual.es, Guarnido-Rueda, Almudena1 (AUTHOR) guarnido@ual.es, Oliver-Márquez, Francisco J.1 (AUTHOR) fom445@ual.es
Source: Structural Change & Economic Dynamics. Dec2022, Vol. 63, p35-39. 5p.
Subjects: World Bank, Panel analysis, Generalized method of moments, Data analysis, Kuznets curve, Income inequality, Moments method (Statistics)
Abstract: • This paper shows evidence that institutions are deteriorating in developed economies in general, which responds to a phenomenon similar to that proposed by Kuznets. • For this reason, using the index of quality of institutions based on the World Bank's World Governance Indicators, and data on GDP per capita from the Maddison project, the empirical evidence in favour of the existence of an institutional Kuznets curve is contrasted. • For this purpose, the Prais-Winsten estimation and the Generalized Method of Moments (GMM) are used, showing robustness in the results. • Likewise, this work is the first brick of many others in this research path, such as: Are geographical differences found? at what speed does the quality of the institutions converge or diverge? Is the worsening of the institutions inevitable?. The hypothesis that institutions directly influence income distribution has been defended by numerous authors. However, it may be observed that institutions are deteriorating in developed economies, which poses the question: could a phenomenon similar to the Kuznets curve be applied? Using the Worldwide Governance Indicators' index of the quality of institutions from the World Bank, and data on per capita GDP from the Maddison project (using a sample of 156 countries in the period of 1996–2015), there appears to be empirical evidence in favour of the existence of an institutional Kuznets curve, using the Prais-Winsten estimation and the Generalised Method of Moments (GMM). [ABSTRACT FROM AUTHOR]
Copyright of Structural Change & Economic Dynamics is the property of Elsevier B.V. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Engineering Source
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DbLabel: Engineering Source
An: 160365909
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PubTypeId: academicJournal
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  Data: Institutional Kuznets curve? An empirical analysis with panel data.
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  Data: <searchLink fieldCode="AR" term="%22Martínez-Navarro%2C+Diego%22">Martínez-Navarro, Diego</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> dmn011@ual.es</i><br /><searchLink fieldCode="AR" term="%22Amate-Fortes%2C+Ignacio%22">Amate-Fortes, Ignacio</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> iamate@ual.es</i><br /><searchLink fieldCode="AR" term="%22Guarnido-Rueda%2C+Almudena%22">Guarnido-Rueda, Almudena</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> guarnido@ual.es</i><br /><searchLink fieldCode="AR" term="%22Oliver-Márquez%2C+Francisco+J%2E%22">Oliver-Márquez, Francisco J.</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> fom445@ual.es</i>
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  Data: <searchLink fieldCode="JN" term="%22Structural+Change+%26+Economic+Dynamics%22">Structural Change & Economic Dynamics</searchLink>. Dec2022, Vol. 63, p35-39. 5p.
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  Data: • This paper shows evidence that institutions are deteriorating in developed economies in general, which responds to a phenomenon similar to that proposed by Kuznets. • For this reason, using the index of quality of institutions based on the World Bank's World Governance Indicators, and data on GDP per capita from the Maddison project, the empirical evidence in favour of the existence of an institutional Kuznets curve is contrasted. • For this purpose, the Prais-Winsten estimation and the Generalized Method of Moments (GMM) are used, showing robustness in the results. • Likewise, this work is the first brick of many others in this research path, such as: Are geographical differences found? at what speed does the quality of the institutions converge or diverge? Is the worsening of the institutions inevitable?. The hypothesis that institutions directly influence income distribution has been defended by numerous authors. However, it may be observed that institutions are deteriorating in developed economies, which poses the question: could a phenomenon similar to the Kuznets curve be applied? Using the Worldwide Governance Indicators' index of the quality of institutions from the World Bank, and data on per capita GDP from the Maddison project (using a sample of 156 countries in the period of 1996–2015), there appears to be empirical evidence in favour of the existence of an institutional Kuznets curve, using the Prais-Winsten estimation and the Generalised Method of Moments (GMM). [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Structural Change & Economic Dynamics is the property of Elsevier B.V. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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RecordInfo BibRecord:
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      – Type: doi
        Value: 10.1016/j.strueco.2022.08.008
    Languages:
      – Code: eng
        Text: English
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      Pagination:
        PageCount: 5
        StartPage: 35
    Subjects:
      – SubjectFull: World Bank
        Type: general
      – SubjectFull: Panel analysis
        Type: general
      – SubjectFull: Generalized method of moments
        Type: general
      – SubjectFull: Data analysis
        Type: general
      – SubjectFull: Kuznets curve
        Type: general
      – SubjectFull: Income inequality
        Type: general
      – SubjectFull: Moments method (Statistics)
        Type: general
    Titles:
      – TitleFull: Institutional Kuznets curve? An empirical analysis with panel data.
        Type: main
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      – PersonEntity:
          Name:
            NameFull: Martínez-Navarro, Diego
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            NameFull: Amate-Fortes, Ignacio
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            NameFull: Guarnido-Rueda, Almudena
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            NameFull: Oliver-Márquez, Francisco J.
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            – D: 01
              M: 12
              Text: Dec2022
              Type: published
              Y: 2022
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              Value: 63
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            – TitleFull: Structural Change & Economic Dynamics
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