The inequality-growth nexus in the short and long run: Empirical evidence from China

被引：72
|
作者：
Wan, Guanghua
Lu, Ming
Chen, Zhao
机构：
[1] World Inst Dev Econ Res, FIN-00160 Helsinki, Finland
[2] Fudan Univ, Shanghai 200433, Peoples R China
来源：
JOURNAL OF COMPARATIVE ECONOMICS | 2006年 / 34卷 / 04期
基金：
中国国家自然科学基金;
关键词：
inequality; growth; China; polynomial inverse lag;
D O I：
10.1016/j.jce.2006.08.004
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper argues that the conventional approach of data averaging is problematic for exploring the growth-inequality nexus. It introduces the polynomial inverse lag (PIL) framework so that the impacts of inequality on investment, education. and ultimately on growth can be measured at precisely defined time lags. Combining PIL with simultaneous systems of equations, we analyze the growth-inequality relationship in postreform China, finding that this relationship is nonlinear and is negative irrespective of time horizons.
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页码：654 / 667
页数：14
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