CEU Electronic Theses and Dissertations, 2008
| Author | Verulava, Giorgi |
|---|---|
| Title | Income Inequality, Property Rights and Investment: The Case of the CIS Countries |
| Summary | This thesis investigates the income inequality-private investment channel in the panel of 9 CIS countries for a period 1998 – 2006, hypothesizing the property rights protection as the link between the two. Increased income inequality produces socio-political instability. The latter, by threatening property rights protection, reduces investment. I analyze whether this link holds in the CIS countries. I successfully test the main hypothesis that individuals in the CIS countries, where the institution of private property has been introduced relatively recently and where the society has been previously inexperienced with property rights, are more irresponsive to increased political uncertainty than individuals in the countries where the institution of private property has been long established. Besides, I find that the richer and the poorer countries in my sample have different inequality-investment relationships and that the relationship patterns significantly differ from each other. |
| Supervisor | Ben-Ner, Avner |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2008/verulava_giorgi.pdf |
Visit the CEU Library.
© 2007-2021, Central European University