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Title: Income inequality, fiscal stimuli and political (in)stability
Authors: Agnello, Luca
Castro, Vitor
Jalles, Joao Tovar
Sousa, Ricardo M.
Keywords: Income distribution
Fiscal stimuli
Expansionary policies
Political environment
Institutional quality
Tobit regression
Issue Date: 2016
Publisher: © Springer
Citation: AGNELLO, L. ... et al, 2016. Income inequality, fiscal stimuli and political (in)stability. International Tax and Public Finance, 24 (3), pp. 484–511.
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.
Description: The final publication is available at link.springer.com via http://dx.doi.org/10.1007/s10797-016-9428-x
Sponsor: Castro and Sousa acknowledge that this work has been financed by Operational Programme for Competitiveness Factors—COMPETE and by National Funds through the FCT—Portuguese Foundation for Science and Technology within the remit of the project “FCOMP-01-0124-FEDER-037268 (PEst-C/EGE/UI3182/2013)”. Castro also wishes to thank the financial support provided by the Portuguese Foundation for Science and Technology under the research grant SFRH/BSAB/113588/2015 (partially funded by COMPETE, QREN and FEDER).
Version: Accepted for publication
DOI: 10.1007/s10797-016-9428-x
URI: https://dspace.lboro.ac.uk/2134/24127
Publisher Link: http://dx.doi.org/10.1007/s10797-016-9428-x
ISSN: 0927-5940
Appears in Collections:Published Articles (Economics)

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