Does Institutional Setting Contribute to the Public Debt — Income Inequality Relationship in Developing Economies?
V. B. Nguyen
Abstract:In the context of increasing globalization, income inequality is one severe problem in several countries because it widens the income gap between the rich and the poor, which leads to social instability. Narrowing this gap has become one of the main agendas in many developing countries to satisfy the millennium goals proposed by the United Nations. Meanwhile, government expenditure is one crucial fiscal instrument as it contributes significantly to running the economy and overcoming economic cyclicality. In pa… Show more
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