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This paper analyses the relationship between income inequality and growth in transition economies. The distinct and … rejected by our data. On the contrary, a (first) half U pattern is found to be adequate for describing the inequality …-growth relationship. Consequently, the rising inequality commonly observed in transition economies does not constitute part of the …
Persistent link: https://www.econbiz.de/10010279103
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In this paper, we revisit the inequality-growth relationship using an enhanced panel data set with improved inequality …, similar to Forbes we find a significant positive association between inequality and subsequent economic growth in the full … relationship between inequality and growth emerges due to the particular timing of inequality and growth dynamics in transition …
Persistent link: https://www.econbiz.de/10011454086
In this paper, we revisit the inequality-growth relationship using an enhanced panel data set with improved inequality …, similar to Forbes we find a significant positive association between inequality and subsequent economic growth in the full … relationship between inequality and growth emerges due to the particular timing of inequality and growth dynamics in transition …
Persistent link: https://www.econbiz.de/10011536688
High levels of economic inequality may lead to lower economic growth and can have negative social and political impacts … significantly more than previously suggested. Currently, the average Gini index (a common measure) of inequality in Eastern Europe … is about 3 percentage points higher than in the rest of Europe. This rise in inequality was initially driven by …
Persistent link: https://www.econbiz.de/10013254550
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Higher inequality reduces capital accumulation and increases the informal economy, which creates additional employment … links between inequality and informality because badly designed informality-reducing policies may increase inequality …
Persistent link: https://www.econbiz.de/10011665024
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