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Corruption and inequality of wealth amongst the very rich

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Title: Corruption and inequality of wealth amongst the very rich
Authors: Franses, PH
De Groot, B
Item Type: Journal Article
Abstract: Corruption may lead to tax evasion and unbalanced favors and this may lead to extraordinary wealth amongst a few. We study for 13 countries 6 years of Forbes rankings data and we examine whether corruption leads to more inequality amongst the wealthiest. When we correct in our panel model for current and one-year lagged competitiveness and GDP growth rates, we find no such effect. In fact, we find that more competitiveness decreases inequality amongst the wealthiest.
Issue Date: 21-Apr-2015
Date of Acceptance: 1-Apr-2015
URI: http://hdl.handle.net/10044/1/57489
DOI: https://dx.doi.org/10.1007/s11135-015-0202-4
ISSN: 0033-5177
Publisher: SPRINGER
Start Page: 1245
End Page: 1252
Journal / Book Title: QUALITY & QUANTITY
Volume: 50
Issue: 3
Copyright Statement: © 2015 The Author(s). Open Access. This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Keywords: Social Sciences
Science & Technology
Physical Sciences
Social Sciences, Interdisciplinary
Statistics & Probability
Social Sciences - Other Topics
Mathematics
Corruption
Inequality
Wealth
ECONOMIC-GROWTH
ORGANIZATIONAL CORRUPTION
PERCEPTIONS
ETHICS
0104 Statistics
1608 Sociology
1701 Psychology
Social Sciences Methods
Publication Status: Published
Appears in Collections:Imperial College Business School