Mizuno, Nobuhiro; Naito, Katsuyuki; Okazawa, Ryosuke - Volkswirtschaftliche Fakultät, … - 2012
This paper investigates the effect of inequality on economic growth in nondemocratic regimes. We provide a model where a self-interested ruler chooses an institution that constrains the policy choice of the ruler. The ruler must care about the support share of citizens to keep power. Under an...