Inequality and Economic Growth: The Empirical Relationship Reconsidered in the Light of Comparable Data
نویسندگان
چکیده
All of the recent empirical work on the relationship between income inequality and economic growth has used inequality data that are not consistently measured. This paper argues that this is inappropriate and shows that the significant negative correlation often found between income inequality and growth across countries is not robust when income inequality is measured in a consistent manner. However, evidence is found of a significant negative correlation between consistently measured inequality of expenditure data and economic growth for a sample of developing countries. Outline
منابع مشابه
The Empirical Relationship Reconsidered in the Light of Comparable Data
All of the recent empirical work on the relationship between income inequality and economic growth has used inequality data that are not consistently measured. This paper argues that this is inappropriate and shows that the significant negative correlation often found between income inequality and growth across countries is not robust when income inequality is measured in a consistent manner, u...
متن کاملAnalyzing the Causal Relationships between Economic Growth, Income Inequality, and Transmission Channels: New Empirical Evidences from Iran
This paper investigates causal relations between economic growth, income inequality, and transmission channels during the period 1972 to 2016. These channels include saving rate, investment rate, redistribution policies, human capital, and conspicuous consumption. There is no strong evidence that supports uni-directional or bi-directional causality. In addition, some of the transmission channel...
متن کاملOpportunity Inequality and its Effects on Economic Growth and Per Capita GDP
Opportunity inequality and its relationship with economic growth is a concept to which not enough attention has been paid in the previous studies. This study attempts to investigate the effects of opportunity inequality index on economic growth in 15 developing and 15 developed countries over the years 1995-2015. Accordingly, the mean group (MG) estimator within the framework of panel data was ...
متن کاملThe Interaction between Income Inequality and Inclusive Growth in Iranian Provinces (SURE Approach in Panel Data)
Abstract: The concept of inclusive growth is one of the important issues in the urban economics literature and has been considered in empirical studies recently. For this purpose, the main aim of this paper is to investigate the relationship between income inequality and GDP growth in Iranian provinces over the period of 2000-2012. To conduct this study, the econometric model has been est...
متن کاملThe Relationship between Efficiency of Healthcare Costs and Economic Growth: Empirical Validation from Mediterranean Countries
The increase of healthcare costs improved as a rule the health of the population. Sometimes the positive effects of this expense are shaded off. On one hand, this expense improves the offer of the medical care. Other influential factors on the health of population, we quote as example the training, the lifestyle, the hygiene and the distribution of income. On the other hand the increase of thes...
متن کامل