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Speed and Sequencing of Transition Reforms and Income Inequality: A Panel Data Analysis
Author(s) -
Aristei David,
Perugini Cristiano
Publication year - 2014
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/roiw.12090
Subject(s) - inequality , panel data , economics , transition (genetics) , economic inequality , panel analysis , soviet union , european union , transition countries , demographic economics , econometrics , development economics , macroeconomics , international economics , political science , biology , mathematics , mathematical analysis , biochemistry , politics , law , gene
An extensive literature has analyzed the economic effects of transition patterns in Central and Eastern European and former Soviet Union countries. With few recent exceptions, analysis of the impacts of speed and sequencing of reforms has not concerned the dynamics of income inequality. In this paper we analyze the heterogeneous effects of transition reforms on inequality by explicitly considering their speed and sequencing. To this aim we identify eight transition models in which the 27 countries considered are classified. The dynamic panel‐data analysis for the period 1989–2009 reveals that balanced transition patterns, which favored a coordination of reforms especially in specific fields, were relatively less pro‐inequality.