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addition to the inequality-growth relationship, we examine the direct influence of effective redistribution. When net … inequality is held constant, public redistribution negatively affects economic growth. Redistribution hampers investment and … net inequality, the overall impact of redistribution is insignificant. Whereas this result stems mainly from advanced …
Persistent link: https://www.econbiz.de/10011310397
The relationship between income inequality and economic growth is complex. Some inequality is integral to the effective … functioning of a market economy and the incentives needed for investment and growth. But inequality can also be destructive to … finds that the duration of growth spells is robustly associated with more equality in the income distribution. Inequality …
Persistent link: https://www.econbiz.de/10014363231
inequality and economic growth, implying the conclusion that inequality reducing policies will foster economic growth. The … likely to suffer from a severe weak instrument problem in the inequality-growth setting because lagged differences of … inequality have practically no explanatory power for current inequality levels. Thus, it is biased in the direction of OLS and …
Persistent link: https://www.econbiz.de/10011633430
-level datasets, as well as datasets reconstructed from grouped data on income distribution taken from the World Income Inequality … growth in the short term, while the impact of income inequality on growth is statistically insignificant. Our results are …
Persistent link: https://www.econbiz.de/10010335431
The impact of the expansion of the middle class in developing countries has been widely investigated in recent years. The middle class is generally apprehended by its overall demographic size, which, we believe, may hide crucial features and differences across nations because the composition of...
Persistent link: https://www.econbiz.de/10011852983
This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced … declare low and high levels of happiness. Rising income inequality moderates the fall in happiness inequality, and may even … the happiness of all, it will at least harmonize the happiness of all, providing that income inequality does not grow too …
Persistent link: https://www.econbiz.de/10010287588
This paper analyzes the effect of the so-called 'brain drain' on economic growth through the channel of growth in total factor productivity. We analyze panel data that measure the severity of brain drain, which are from IMD and the U.S. National Science Foundation. Our analysis shows that...
Persistent link: https://www.econbiz.de/10014551586
We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of...
Persistent link: https://www.econbiz.de/10012196404
economic growth and to determine the impact of income inequality on economic growth in the long-run in ten former socialist … objectives the following explanatory variables were used: income inequality (Gini Index), foreign direct investments (FDI … growth, is GDP per capita growth (annual %). The main finding of this paper's investigations is that income inequality has a …
Persistent link: https://www.econbiz.de/10011725049
The purpose of this study is to investigate the relation between regional convergence inside of countries in EU and overall economic growth, and, based on it, to establish some relevant behavioural regimes. As data sources we are using the available dataset NUTS 2 from EUROSAT for the period...
Persistent link: https://www.econbiz.de/10011790043