Growth, inequality and extraction in Ibero-American democratizations
2016 (English)Conference paper (Refereed)
Will democracy improve the distribution of economic welfare? Do dictatorships leave long-run legacies behind? In this paper we explore four Ibero-American countries with some common historical traits, but also different contexts: Spain, Portugal, Brazil, and Chile. The two Iberian nations suffered long periods of autocratic regime in the 20th Century, while our south American cases had relatively later and shorter dictatorships. We intend to assess the extent to which democratization brought about improvements in societal welfare, combining indicators of inequality and economic performance. We propose the applicability of the concept of Inequality Extraction Ratio, initially suggested for ancient societies but adapted by Milanovic (2013b) to the analysis of contemporary economies. Our hypothesis is that democratizations, while probably not able to achieve reductions in inequality, could have promoted decreases in relative extraction.
Place, publisher, year, edition, pages
democratization, income inequality, inequality extraction ratio, welfare
Research subject Economic History
IdentifiersURN: urn:nbn:se:umu:diva-127335OAI: oai:DiVA.org:umu-127335DiVA: diva2:1045301
II Seminar in Economic History - Banco de España