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-income countries, inequality has a significant negative effect on transitional growth. For the median country in the world that in 2015 …This paper estimates a panel model in which the relationship between inequality and gross domestic product per capita … growth depends on countries' initial incomes. Estimates of the model show that the relationship between inequality and gross …
Persistent link: https://www.econbiz.de/10012917240
This paper revisits four recent cross-country empirical studies on the effects of inequality on growth. All four … these inequality-and-growth regressions are weak, and that weak instrument-consistent confidence sets for the effect of … inequality on growth include a wide range of positive and negative values. This suggests that strong conclusions about the effect …
Persistent link: https://www.econbiz.de/10012970632
This paper estimates the effect of income inequality on real gross domestic product per capita using a panel of 104 … estimation and controlling for country and time fixed effects. The analysis finds that, on average, income inequality has a … inequality has a significant positive effect on gross domestic product per capita …
Persistent link: https://www.econbiz.de/10012971546
Academics and policy makers have long considered an adequate supply of infrastructure services to be essential for economic development. This paper reviews recent theoretical and empirical literature on the effects of infrastructure development on growth and income distribution. The theoretical...
Persistent link: https://www.econbiz.de/10012972738
This paper re-examines the roles of changes in income and inequality in poverty reduction. The study provides estimates … of the relative effects of inequality reduction versus growth promotion in reducing poverty for countries with different … less poor, inequality-reducing policies are likely to become relatively more effective for poverty reduction than growth …
Persistent link: https://www.econbiz.de/10012973261
relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and … due to changes in average incomes. In contrast, the changes in inequality observed during this period are on average much …
Persistent link: https://www.econbiz.de/10012973293
uses a database assembled by the World Bank Group to investigate some basic characteristics of shared prosperity …, particularly its relationship with overall economic growth and inequality. Initial estimates using this dataset of 79 countries … inequality, the paper discusses two main ideas. First, shared prosperity is strongly correlated with overall prosperity implying …
Persistent link: https://www.econbiz.de/10012973893
Income differences arise from many sources. While some kinds of inequality, caused by effort differences, might be … Surveys, to revisit the question of whether inequality is associated with economic growth and, in particular, to examine … whether inequality of opportunity -- driven by circumstances at birth -- has a negative effect on subsequent growth. The …
Persistent link: https://www.econbiz.de/10012966024
This analysis examines the relationship between nonrenewable resource dependence, economic growth and income inequality …-income countries, greater nonrenewable natural resource dependence is associated with lower income inequality, while there is no … resources is associated with both higher levels of income inequality and lower per capita GDP. Further analysis focusing on a …
Persistent link: https://www.econbiz.de/10012967897
the world. It is based on 136 impact evaluations (randomized and quasi-experimental studies) that explore the effects of …
Persistent link: https://www.econbiz.de/10012919156