Rule of Law and Income Inequality in Bulgaria: An Empirical Approach
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 1
Abstract
The current paper examines the impact of income inequality on rule of law in Nigeria. In governance, Bulgaria was and is having a poor quality of institutions for the past two decades. In this study, we consider rule of law to be the indicator for governance. We posit that like any other nation whether developed, emerging or underdeveloped, inequality in the distribution of income is said to occur; this is said to undermine the socio-economic wellbeing of the people. This will in turn undermines the growth process of a nation. We employ the Autoregressive Distributed Lag (ARDL) approach on semiannual data spanning from 1996-2015. The control variable included in this study are trade liberalisation, level of education attainment and unemployment level. Our results reveal that education attainment and unemployment both show negative relationship with the quality of rule of law in Bulgaria.
Authors and Affiliations
Saad Buba, Salim Mohammed Ibrahim Aljadi
Keywords
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- EP ID EP414487
- DOI 10.9790/5933-0901031622.
- Views 165
- Downloads 0
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