Equality, Participation, Transition: Essays in Honour of Branko Horvat

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GINI 65 60 55 50 45 40 35 30 25 20 15 0 2 4 6 8 10 12 14 16 18 20 INCOME (Thousands) Figure 4.1c Relationship between GINI and INCOME Socialist countries shown in the circle. Regression is: GINIConstantB 0 ln (INCOME)B 1 ln (INCOME) 2 . 57
58 Determinants of Income Inequality RESID 20 10 0 –10 –20 0 5000 10000 15000 20000 PPP Figure 4.2 Residuals from equation 1.0 as a function of INCOME PPPGDP per capita in 1988 dollars of equal purchasing power parity. RESIDresiduals from equation 1.0. which had become available since the first draft of this study was completed. The Deininger–Squire data set is an unbalanced panel of inequality measures for 101 countries covering the period from the 1950s onward. Unfortunately for my purpose, it combines both income and expenditure inequality measures: for a number of countries, only the distribution of expenditures is available. 18 For each of the 80 countries in my sample, I have selected from the Deininger–Squire data base, the Gini coefficient and the quintile ratio 19 based on income (or if unavailable, expenditures) from the mid-1980s. The sample size declines to 70 due to the fact that 10 countries from my data set are not included in the Deininger–Squire set. Equation 1 is then rerun first, over the Gini coefficients from the Deininger–Squire data set (equation 1A), and then over the quintile ratios from the same set (equation 1B). The signs of all the coefficients are the same as predicted and as in equation 1. All coefficients except the one for TRANS remain statistically highly significant, and their values (except for TRANS) change very little (compare, for example, equations 1 and 1A in Table 4.2). 20 The R¯2 decreases from 0.7 to 0.42, and the constant term becomes significant at 5 per cent level. The results seem robust to the use of
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Equality, Participation, Transition
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First published in Great Britain 20
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vi Contents 9 Self-Management, Empl
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List of Figures 02.1 First Law of O
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x Foreword institution most dear to
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Notes on the Contributors Ivo Bića
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xiv Notes on the Contributors membe
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xvi Notes on the Contributors done
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xviii Notes on the Contributors pri
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Introduction: Branko Horvat - Beyon
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xxii Introduction Dame (1978), Univ
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xxiv Introduction theory led him to
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xxvi Introduction though friendly,
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xxviii Introduction The second pape
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xxx Introduction disciplines such a
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Branko Horvat: Select Bibliography
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xxxiv Branko Horvat: Select Bibliog
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xxxvi Branko Horvat: Select Bibliog
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xxxviii Branko Horvat: Select Bibli
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2 Horvat’s Contributions to Econo
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4 Horvat’s Contributions to Econo
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Page 49 and 50: 10 Horvat’s Contributions to Econ
Page 55 and 56: 2 Individual Initiative, Entry and
Page 67 and 68: 28 Egalitarianism On Its Own Thomas
Page 69 and 70: 30 Egalitarianism On Its Own projec
Page 71 and 72: 32 Egalitarianism On Its Own absenc
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Page 79 and 80: 40 Egalitarianism On Its Own contri
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Page 83 and 84: 44 Egalitarianism On Its Own politi
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Page 87 and 88: 4 Determinants of Cross-Country Inc
Page 89 and 90: 50 Determinants of Income Inequalit
Page 95: 56 GINI GINI 65 60 55 50 45 40 35 3
Page 101 and 102: Table 4.2 The regressions: dependen
Page 119 and 120: 5 Illyrian Theories of Cooperative
Page 131 and 132: 92 Employee Participation in Enterp
Page 137 and 138: EMPLOYEE RETURN ONLY PROFIT PROFIT
Page 139 and 140: 100 Employee Participation in Enter
Page 141 and 142: 7 Employee Involvement and the Mode
Page 143 and 144: 104 Employee Involvement and the Mo
Page 145 and 146: 106 Employee Involvement and the Mo
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108 Employee Involvement and the Mo
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8 Uneasy Symbiosis of a Market Econ
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120 Market Socialism in Yugoslavia
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146 Self-Management, Employee Owner
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Table 9.1 Methods of privatization
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10 Privatization and Enterprise Per
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164 Privatization: Evidence from Es
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11 Growth Theory and Transition Eco
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186 Growth Theory and Transition Ec
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202 Index economic growth - continu
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204 Index Horvat, Branko - continue
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206 Index neoclassical economics -
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208 Index ‘third way’, 88, 104
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Equality, Participation, Transition: Essays in Honour of Branko Horvat

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