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https://hdl.handle.net/10316/114660
Title: | Income Inequality and Economic Freedom Revisited: Are Freedom and Equality Conflicting Values? Evidence from the twenty-first Century | Authors: | Machado, Daniel Fuinhas, José Alberto |
Keywords: | Income inequality; economic freedom; gini index; panel data; political economics | Issue Date: | 2023 | Publisher: | Taylor & Francis | Project: | UIDB/05037/2020 | Serial title, monograph or event: | International Economic Journal | Volume: | 37 | Issue: | 2 | Abstract: | This empirical research addressed the short – and long-run relationship between economic freedom (and its subcomponents) and income inequality using a panel of 102 countries between 2000 and 2018. The results of employing an autoregressive distributed lag model showed that economic freedom has a detrimental impact on income inequality measured by any of the main inequality indicators. However, the results point to a relatively inelastic relationship. Additionally, the study explored the interactions between the subcomponents of economic freedom and income inequality, again pointing to a rigid relationship. While the size of the government and legal property rights increase income inequality, deregulation exerts the opposite effect. This paper closes with future guidelines for research. | URI: | https://hdl.handle.net/10316/114660 | ISSN: | 1016-8737 1743-517X |
DOI: | 10.1080/10168737.2023.2212251 | Rights: | openAccess |
Appears in Collections: | I&D CeBER - Artigos em Revistas Internacionais FEUC- Artigos em Revistas Internacionais |
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Income-Inequality-and-Economic-Freedom-Revisited-Are-Freedom-and-Equality-Conflicting-Values-Evidence-from-the-twentyfirst-CenturyInternational-Economic-Journal.pdf | 2.63 MB | Adobe PDF | View/Open |
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