UTJECAJ EKONOMSKIH SLOBODA I DEMOKRACIJE NA NEJEDNAKOST U ZEMLJAMA SREDNJE I ISTOČNE EUROPE

master's thesis

• Title (english): EFFECTS OF ECONOMIC FREEDOM AND DEMOCRACY ON INEQUALITY IN CENTRAL AND EASTERN EUROPE
• Author: Branimir Šimun Grgas
• Mentor: Velibor Mačkić (mentor)
• Committee member: Lucija Rogić Dumančić (predsjednik povjerenstva)
• Committee member: Valentina Vučković (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Economic Theory); Zagreb
• Defense date and country: 2021-09-24, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; General Economy

Abstract

Primarni cilj ovog diplomskog rada je ispitati odnos između razine ekonomskih sloboda i demokracije na dohodovnu nejednakost u zemljama Srednje i Istočne Europe (CEE), koje su ujedno i članice Europske unije. Pritom, u teorijskom dijelu rada objašnjavaju se koncepti demokracije, ekonomskih sloboda i nejednakosti, uz osvrt na glavne karakteristike i specifičnosti promatranih zemalja u procesu simultane tranzicije iz socijalističkog u demokratski sustav i iz planskog u tržišno gospodarstvo. Empirijskom analizom provedenom nad panel podacima utvrđen je pozitivan, statistički značajan utjecaj razine ekonomskih sloboda na dohodovnu nejednakosti mjerenu Gini koeficijentom. Naspram tome, utjecaj razine demokracije pokazao se također pozitivan, ali ne i statistički signifikantan. Uz navedeno, uključivanjem bruto domaćeg proizvoda po stanovniku, ispitana je i potvrđena Kuznetsova hipoteza o ne-linearnom odnosu između ekonomskog rasta i nejednakosti.

Abstract (english)

The primary goal of this thesis is to examine the relationship between the level of economic freedoms and democracy on income inequality in the Central and Eastern European countries (CEE), which are also members of the European Union. The theoretical part of the paper explains the concepts of democracy, economic freedoms, and inequalities, along with the main characteristics of the observed countries during the process of simultaneous transition to democracy and the market economy. A positive, statistically significant impact of economic freedoms on income inequality is found using the panel data analysis. At the same time, the estimated effect of democracy is also positive but not statistically significant. In addition, by including gross domestic product per capita, Kuznets' hypothesis of a non-linear relationship between economic growth and inequality was tested and confirmed.

• Keywords: nejednakost; ekonomske slobode; demokracija; CEE zemlje; panel podaci
• Keywords (english): inequality; economic freedom; democracy; CEE countries; panel data
• Language: croatian
• URN:NBN: urn:nbn:hr:148:589971
• Study programme: Title: Economics; Study programme type: university; Study level: graduate; Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to authenticated users
• Created on: 2021-09-29 17:16:45