Inequality and economic growth: the role of initial income
作者: Markus BruecknerDaniel Lederman
作者单位: 1Australian National University
2World Bank
刊名: Journal of Economic Growth, 2018, Vol.23 (3), pp.341-366
来源数据库: Springer Nature Journal
DOI: 10.1007/s10887-018-9156-4
关键词: Economic growthIncome inequalityHuman capital
原始语种摘要: Abstract(#br)We estimate a panel model where the relationship between inequality and GDP per capita growth depends on countries’ initial incomes. Estimates of the model show that the relationship between inequality and GDP per capita growth is significantly decreasing in countries’ initial incomes. Results from instrumental variables regressions show that in Low Income Countries transitional growth is boosted by greater income inequality. In High Income Countries inequality has a significant negative effect on transitional growth. For the median country in the world, that in the year 2015 had a PPP GDP per capita of around 10000USD, IV estimates predict that a 1 percentage point increase in the Gini coefficient decreases GDP per capita growth over a 5-year period by over 1 percentage...
全文获取路径: Springer Nature  (合作)
影响因子:2.25 (2012)