The Impact of Economic Inequality on Economic Freedom

Murphy, Ryan

doi:10.2139/ssrn.2438033

Cited by 14 publications

(16 citation statements)

References 14 publications

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“…Using both Granger causality and dynamic panel estimation strategies, they found higher levels of inequality to be associated with less economic freedom. Murphy () found similar results in a more straightforward panel, with and without fixed effects.…”

Section: The Determinants Of Economic Freedommentioning

confidence: 55%

The Determinants of Economic Freedom: A Survey

Lawson

Murphy

Powell

2020

Contemporary Economic Policy

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A large literature has found positive associations between economic freedom and income, growth, and a variety of other desirable outcomes. This paper surveys the literature that seeks to explain the causes of economic freedom. Some of the most consistent findings in this literature are that current levels of economic freedom are strongly correlated with past levels; freer countries have more difficulty continuing to improve their economic freedom; democracy and political freedom are positively associated with economic freedom; and inequality is negatively related. (JEL E02, E14, O17, O43, P1)

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Section: The Determinants Of Economic Freedommentioning

confidence: 55%

The Determinants of Economic Freedom: A Survey

Lawson

Murphy

Powell

2020

Contemporary Economic Policy

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“…Since the information and communication industry is the driving force of the modern economy, it is possible to infer that the concentration of power in the industry leads to the concentration of wealth in the hands of the most powerful players of this field. Meanwhile, it is a widespread view in the areas of economics and social sciences that concentration of wealth can threaten our freedom and democratic principles of modern society (Acemoglu et al, 2013;Murphy, 2015). The increasing inequality can lead to the growth of "extractive institutions" that served the interests of ruling classes (Acemoglu & Robinson, 2012) and, eventually, can "have a negative effect on the rule of law ... and ambiguous effects on regulation" (Murphy, 2015 requires revision of the purposes of competition law and elaboration of new methods and approaches in this area.…”

Section: Control Over Companies That Have Significant Market Powermentioning

confidence: 99%

Regulation of Telecommunications: The Choice Between Market and Regulatory Failures

Trubnikov

2017

Rev. Dir. Est. e Telecomunicacoes

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Purpose – The paper examines the main regulatory frameworks of the telecommunications industry through the concept of market failure and analyses how and why the policy often leads to undesirable outcomes that might be considered as regulatory failure. Methodology/approach/design – The research uses the EU regulatory framework for electronic communications as a base for the analysis of the main policy objectives through the prism of the market failure theory with an eye to the interests of the main market players in the telecommunications markets. Findings – About any aspect of regulation allows to find ways to create opportunities for some groups of the industry and stifle activity of others. Despite the theory of market failure provides reasonable justifications for regulation of telecommunications markets, it is possible to argue that many of these problems are mainly the consequence of the policy and could be better solved by market mechanisms. Originality/value – The results of the research allow to look at the problems of telecommunications development and issues of the high level of concentration of the telecommunications markets as regulatory formed problems rather than consequences of the inherited industry’s characteristics.

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“…Por exemplo, Bennett e Veder (2013), considerando a desigualdade como variável dependente encontram evidências de que a relação entre a liberdade econômica e a desigualdade de renda é não-linear, no formato de "U" para os estados dos EUA. Murphy (2015), por sua vez, estuda a relação inversa, i.e., busca investigar possíveis impactos da justificativas para essa afirmação é que existe uma parcela mínima de gastos para a subsistência, sendo, portanto, mais difícil para as famílias de baixa renda diminuírem as despesas, tendo em vista que oneram uma parcela muito maior do seu orçamento em itens essenciais, e mesmo que os salários sejam corrigidos, o aumento da renda acaba sendo proporcionalmente menor que a variação dos preços dos bens e serviços. Por outro lado, os mais abastados podem indexar seus vencimentos, reajustando-os com base na inflação, alternativa essa que nem sempre está em aberto para os mais pobres.…”

Section: Introductionunclassified

Os impactos da inflação na desigualdade de renda

Juver¹,

Fernandez²,

Shikida³

et al. 2017

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Este é um artigo de acesso aberto, licenciado por Creative Commons Atribuição 4.0 International (CC-BY 4.0), sendo permitida reprodução, adaptação e distribuição desde que o autor e a fonte originais sejam creditados. Abstract. This study aims to measure inflation impact on income inequality, characterized by Gini index. To do this, a panel of 41 countries and annual data from 2004 to 2013 is used. Linear models in which inflation can explain income inequality are expected by controlling the existence of countries fixed effects and including time dummies. The results indicate that there is no positive correlation between the variables, as found in previous studies that used cross section data and, taking into account the methodology used in the models, the relation between inflation and income inequality is not robust, nor there is any randomness between variables. In this sense, conforming to the research method and data used, it is not possible to change an income inequality pattern only controlling inflation. Os impactos da inflação na desigualdade de renda

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The Impact of Economic Inequality on Economic Freedom

Cited by 14 publications

References 14 publications

The Determinants of Economic Freedom: A Survey

The Determinants of Economic Freedom: A Survey

Regulation of Telecommunications: The Choice Between Market and Regulatory Failures

Os impactos da inflação na desigualdade de renda

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