Estimating the long-run relationship between income inequality and economic development

被引：26

作者：

Malinen, Tuomas ^{[1
,2
]}

机构：

[1] Univ Helsinki, Dept Econ, FIN-00014 Helsinki, Finland

[2] Univ Helsinki, FDPE, FIN-00014 Helsinki, Finland

来源：

EMPIRICAL ECONOMICS | 2012年 / 42卷 / 01期

关键词：

EHII2.1; Panel cointegration; Developed and developing economies; UNIT-ROOT TESTS; PANEL COINTEGRATION; GROWTH; REGRESSION; PPP;

D O I：

10.1007/s00181-010-0432-1

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

There are several theories describing the effect of income inequality on economic growth. These theories usually predict that there exists some optimal, steady-state growth path between inequality and development. This study uses a new measure of income distribution and panel data cointegration methods to test for the existence of such a steady-state equilibrium relation. It is shown that there is a long-run equilibrium relationship between the variables, and that this relationship is negative in developed economies.

引用

页码：209 / 233

页数：25

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