We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
The relationship between corruption and income inequality in U.S. states: evidence from a panel cointegration and error correction model.
- Authors
Apergis, Nicholas; Dincer, Oguzhan; Payne, James
- Abstract
We investigate the causality between corruption and income inequality within a multivariate framework using a panel data set of all 50 U.S. states over the period 1980 to 2004. The heterogeneous panel cointegration test by Pedroni (Oxf. Bull. Econ. Stat. 61:653–670, ; Econom. Theory 20:597–627, ) indicates that in the long run corruption and the unemployment rate have a positive and statistically significant impact on income inequality while a negative impact is found for real personal income per capita, education, and unionization rate. The Granger-causality results associated with a panel vector error correction model indicate both short-run and long-run bidirectional causality between corruption and income inequality.
- Subjects
UNITED States; POLITICAL corruption; INCOME inequality; UNEMPLOYMENT; CAUSATION (Philosophy); POOR people; RICH people -- Political activity; POLITICAL participation
- Publication
Public Choice, 2010, Vol 145, Issue 1/2, p125
- ISSN
0048-5829
- Publication type
Article
- DOI
10.1007/s11127-009-9557-1