Corruption and inequality of wealth amongst the very rich
Corruption may lead to tax evasion and unbalanced favors and this may lead to extraordinary wealth amongst a few. We study for 13 countries 6 years of Forbes rankings data and we examine whether corruption leads to more inequality amongst the wealthiest. When we correct in our panel model for current and one-year lagged competitiveness and GDP growth rates, we find no such effect. In fact, we find that more competitiveness decreases inequality amongst the wealthiest.
|Keywords||Corruption, Inequality, Wealth|
|Persistent URL||dx.doi.org/10.1007/s11135-015-0202-4, hdl.handle.net/1765/80123|
|Series||Econometric Institute Reprint Series|
|Journal||Quality and Quantity: international journal of methodology|
Franses, Ph.H.B.F, & de Groot, E.A. (2016). Corruption and inequality of wealth amongst the very rich. Quality and Quantity: international journal of methodology, 50(3), 1245–1252. doi:10.1007/s11135-015-0202-4