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Corruption, privatisation and the distribution of income in Latin America

Author

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  • Antonio Rodriguez Andres
  • Carlyn Ramlogan-Dobson

Abstract

This paper presents new evidence on income inequality in Latin America over the period 1981-2000. Using a panel data methodology, we find that a reduction in corruption is associated with a rise in inequality. This counterintuitive result can be explained by privatisation. Privatisation removes industries from government influence (and corruption) and worsens income inequality as new owners strive for efficiency and profits. The paper argues that structural reform policies aimed primarily at achieving positive and increasing growth rates do not adequately address the income distribution problem.

Suggested Citation

  • Antonio Rodriguez Andres & Carlyn Ramlogan-Dobson, 2008. "Corruption, privatisation and the distribution of income in Latin America," Working Papers 2008/11, Nottingham Trent University, Nottingham Business School, Economics Division.
  • Handle: RePEc:nbs:wpaper:2008/11
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    File URL: http://www.ntu.ac.uk/research/document_uploads/85421.pdf
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    More about this item

    Keywords

    Corruption; Latin America; Income inequality; Instrumental variables; Panel data; Privatisation.;

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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