scholarly journals Who are the champions? Inequality, economic freedom and the Olympics

2020 ◽  
pp. 1-17
Author(s):  
Vadim Kufenko ◽  
Vincent Geloso
Keyword(s):  
Income Distribution ◽  
Economic Freedom ◽  
Economic Outcomes ◽  
Institutional Factors ◽  
Distribution Potential

Abstract Does inequality affect outcomes? To answer, we use the microcosm of Olympic competitions by asking whether a country's level of inequality diminishes its performance. If it does, is it conditional on institutional factors? We argue that the ability of economically free societies to win medals will not be affected by inequality. In these societies, institutions generate incentives to invest in the talents of individuals at the bottom of the income distribution (potential athletes otherwise constrained in the ability to expend resources on training). These effects mitigate those of inequality. The incentives that promote investments in skills across the income distribution are weaker in unfree societies and they cannot mitigate the effects of inequality. Using the Olympics of 2016 in combination with the Economic Freedom data, we find that inequality only matters in determining medal numbers for unfree countries. We link these results to inequality and its effects on economic outcomes.

Crisis and Inequality in the European Union

2017 ◽  
Vol 25 (3) ◽  
pp. 438-452
Author(s):  
Ignacio Amate-Fortes ◽  
Almudena Guarnido-Rueda ◽  
Agustín Molina-Morales
Keyword(s):  
European Union ◽  
Panel Data ◽  
Social Policy ◽  
Income Distribution ◽  
Economic Crisis ◽  
Economic Freedom ◽  
The European Union ◽  
Eu Countries ◽  
Economic Freedom Index

The objective of this work is to analyse the factors that influence a greater or lesser inequality in income distribution in the 27 EU countries, paying particular attention to the effect that the economic crisis has had. For this purpose we have used panel data covering a period of 16 years (from 1996 to 2011, inclusive), and we have introduced additional variables over and above those normally used, such as the ideology of the governing party, the economic freedom index, as well as the ‘crisis’ variable. The results obtained enable us to conclude that while the economic crisis has not necessarily caused a worsening in inequality, the response of European governments by means of social policy has not so far proved effective in the fight against the lack of equality in income distribution.

scholarly journals ANALYSIS OF INSTITUTIONAL FACTORS AS PART OF THE COMPONENT OF ECONOMIC FREEDOM AS A BACKGROUND OF IMPROVEMENT OF STRUCTURAL PROPORTIONS IN THE CONTEXT OF IMPROVING GOVERNANCE

2020 ◽  
Vol 18 (2) ◽  
pp. 206-225
Author(s):  
Uliana Nikonenko ◽  
Tetyana Medynska ◽  
Oleksandr Bilotskyi ◽  
Mariia Baran ◽  
Inna Shevchuk
Keyword(s):  
Economic Freedom ◽  
Structural Changes ◽  
Raw Materials ◽  
Institutional Factors ◽  
Mathematical Methods ◽  
Analysis And Synthesis ◽  
Economic Freedom Index ◽  
General Scientific ◽  
Investment Process ◽  
Practical Implications

Purpose – the main purpose of the study is to analyze the institutional factors that are usually considered as components of economic freedom, as well as to assess the level of economic freedom as a prerequisite for improving structural proportions and stimulating the investment process in an economy with excess raw materials sector (such as Ukraine). Research methodology – the methodological basis is a system of complementary mathematical, general scientific and special methods, in particular system-structural comparison of retrospective, diagnostics and mathematical methods of studying possible dependence, general methods of analysis and synthesis, etc. Findings – the main result of the study is that increasing the degree of economic freedom in Ukraine contributes to structural shifts in favour of non-resource exports. Research limitations – our assessment methodology does not take into account the specifics of most European countries and is mainly aimed at countries of Eastern Europe so far. Practical implications – our proposed methodology for assessing the dependence of structural changes in a country’s exports on the economic freedom index IEF can be used in the practice of public administration in countries of such countries as Ukraine and others. Originality/Value – a proposed method for estimating the dependence of structural changes in Ukrainian exports on the IEF Index of Economic Freedom.

scholarly journals Traditional And Non-Traditional Determinants Of Foreign Direct Investment In Developing Countries

2011 ◽  
Vol 20 (1) ◽  
Author(s):  
Simran K. Kahai
Keyword(s):  
Developing Countries ◽  
Foreign Direct Investment ◽  
International Trade ◽  
Host Country ◽  
Empirical Model ◽  
Direct Investment ◽  
Economic Freedom ◽  
Institutional Factors ◽  
Qualitative Factors

This paper extends previous studies on the determinants of Foreign Direct Investment (FDI) by looking at both traditional and non-traditional factors that influence the amount of FDI flowing to developing countries. Emphasis is placed on the role of non-traditional qualitative factors. Data from 1998 and 2000 for fifty-five developing countries are employed to estimate an empirical model of FDI. Results indicate that FDI is significantly affected by several qualitative factors such as the level of economic freedom, level of corruption, and the level of international trade regulations adopted in the host country. These findings support the need for increased considera- tion of cultural and institutional factors in attempting to better estimate and understand the devel- opment process.

scholarly journals The Relationship Between Economic Freedom And Income Equality In The United States

2013 ◽  
Vol 12 (5) ◽  
pp. 469 ◽  
Author(s):  
Allen L Webster
Keyword(s):  
United States ◽  
Income Distribution ◽  
Economic Freedom ◽  
The United States ◽  
Us States ◽  
Income Equality ◽  
The Past ◽  
The Us ◽  
Fraser Institute ◽  
The Relationship

While considerable research in the past has focused on the socioeconomic impact of economic freedom on economic growth among nations, less emphasis has been devoted to the relationship between economic sovereignty and income equality. This is particularly true when the area of focus has been restricted to comparisons among states within the United States. Furthermore, what work has been offered comparing US states has proven to be contradictory. Certain studies reviewed in this paper suggest that higher measures of economic freedom are associated with greater income inequality. On the other hand, evidence exists that less inequality is found in areas with greater economic autonomy. This study uses the Gini Index as measures of income distribution. The Fraser Institute in Vancouver, Canada offers well-respected measures of economic freedom among the US states and the provinces of Canada. These data are used to further examine relationships between state levels of economic freedom and income distribution with the intent to offer some general consensus regarding this all-important association.

Religious affiliation, self-stigma, and economic outcomes among the Quichua of Ecuador.

2020 ◽  
Author(s):  
Bobby L. Lynch ◽  
Thomas J. Hunt-Felke ◽  
Juliette L. Ratchford ◽  
Sarah A. Schnitker
Keyword(s):  
Religious Affiliation ◽  
Economic Outcomes

Impact of regulatory framework rigidity on poverty in the regions of Russia

2020 ◽  
pp. 62-79
Author(s):  
P. N. Pavlov
Keyword(s):  
Economic Activity ◽  
Regional Level ◽  
Institutional Factors ◽  
Federal Regulations ◽  
Russian Regions ◽  
Poverty Dynamics ◽  
Regulatory Burden ◽  
Sectoral Structure ◽  
The Impact ◽  
Regions Of Russia

The paper analyzes the impact of the federal regulatory burden on poverty dynamics in Russia. The paper provides regional level indices of the federal regulatory burden on the economy in 2008—2018 which take into account sectoral structure of regions’ output and the level of regulatory rigidity of federal regulations governing certain types of economic activity. Estimates of empirical specifications of poverty theoretical model with the inclusion of macroeconomic and institutional factors shows that limiting the scope of the rulemaking activity of government bodies and weakening of new regulations rigidity contributes to a statistically significant reduction in the level of poverty in Russian regions. Cancellation of 10% of accumulated federal level requirements through the “regulatory guillotine” administrative reform may take out of poverty about 1.1—1.4 million people.

The State’s Role in Ensuring Fair Income Distribution in Vietnam Today: Some Issues from the Theory of Justice as Fairness by John Rawls

2020 ◽  
Vol 6 (2) ◽  
pp. 181-195
Keyword(s):  
Income Distribution ◽  
Economic Efficiency ◽  
John Rawls ◽  
Social Stability ◽  
Social Equality ◽  
Justice As Fairness ◽  
Theory Of Justice ◽  
Analysis And Synthesis ◽  
Economic Philosophy ◽  
The Relationship

Fairness in income distribution is a factor that both motivates employees and contributes to maintaining social stability. In Vietnam, fair income distribution has been studied from various perspectives. In this article, through the analysis and synthesis of related documents and evidence, and from the perspective of economic philosophy, the author applies John Rawls’s Theory of Justice as Fairness to analyze some issues arising from the implementation of the state’s role in ensuring fair income distribution from 1986 to present. These are unifying the perception of fairness in income distribution; solving the relationship between economic efficiency and social equality; ensuring benefits for the least-privileged people in society; and controlling income. On that basis, the author makes some recommendations to enhance the state’s role in ensuring fair income distribution in Vietnam. Received 11thNovember 2019; Revised 10thApril 2020; Accepted 20th April 2020

Sign in / Sign up

Export Citation Format

Share Document