Malinen, Tuomas - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 59 (2013) 3, pp. 235-251
research. The results obtained in this study indicate that income inequality, gross savings, and private consumption are unit … root processes, but only inequality and private consumption are cointegrated across the sample. Inequality and gross … savings are found to be cointegrated only in some countries. In addition, inequality is found to have a negative impact on …