Artikel

The Relationship between Inequality and Growth: Evidence from New Data

The relationship between inequality and growth has attracted a lot of attention in the previous literature. Estimation of this relationship may be biased by simultaneity, omitted variables and measurement error. The present paper contributes to the existing work by introducing the wealth Gini coefficient as a new inequality measure. The most reliable and recent data on income inequality are used for estimation. We employ the Arellano-Bond GMM estimation technique and we find that there seems to be a positive relationship between wealth inequality and real per capita GDP growth, but this relationship is not robust to different model specifications.

Sprache
Englisch

Erschienen in
Journal: Swiss Journal of Economics and Statistics ; ISSN: 2235-6282 ; Volume: 153 ; Year: 2017 ; Issue: 3 ; Pages: 183-225 ; Heidelberg: Springer

Klassifikation
Wirtschaft
Distribution: General
Economic Growth and Aggregate Productivity: General
Thema
income inequality
wealth inequality
Gini coefficient
economic growth
dynamic panel data
GMM estimation

Ereignis
Geistige Schöpfung
(wer)
Naguib, Costanza
Ereignis
Veröffentlichung
(wer)
Springer
(wo)
Heidelberg
(wann)
2017

DOI
doi:10.1007/BF03399507
Handle
Letzte Aktualisierung
20.09.2024, 08:23 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Naguib, Costanza
  • Springer

Entstanden

  • 2017

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