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2021 | OriginalPaper | Buchkapitel

How a Good Governance of Institutions Can Reduce Poverty and Inequality in Society?

verfasst von : Mario Coccia

Erschienen in: Legal-Economic Institutions, Entrepreneurship, and Management

Verlag: Springer International Publishing

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Abstract

The main aim of this chapter is to explain how institutional change, measured with a set of governance indicators, can support the reduction of poverty and inequality in society that is an essential prerequisite for supporting economic growth of nations. This chapter shows a study that investigates 191 countries to clarify the relationships between institutional variables and socioeconomic factors of nations with different levels of development. Central findings suggest that a good governance of institutions supports a reduction of poverty and income inequality in society. In particular, results of this study show that the critical role of good governance for reducing inequality and poverty has a effect in countries with stable economies higher than emerging and fragile economies. Overall, then, the study described in this chapter reveals that countries should focus on institutional change directed to improve governance effectiveness and rule of law that can reduce poverty and inequality, and as a consequence support the long-run (sustainable) socioeconomic development of nations.

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Titel: How a Good Governance of Institutions Can Reduce Poverty and Inequality in Society?
verfasst von: Mario Coccia
Verlag: Springer International Publishing
Buch: Legal-Economic Institutions, Entrepreneurship, and Management
Print ISBN: 978-3-030-60977-1

Electronic ISBN: 978-3-030-60978-8

Copyright-Jahr: 2021
DOI: https://doi.org/10.1007/978-3-030-60978-8_4