Arbeitspapier
Size matters: Measuring the effects of inequality and growth shocks
Understanding the relationship between income inequality and economic growth is of utmost importance to economists and social scientists. In this paper we use a Bayesian structural vector autoregression approach to estimate the relationship between inequality and growth via growth and inequality shocks for two large economies, China and the USA, for the years 1979- 2018. We find that a growth shock is inequality-increasing, and an inequality shock is growthreducing. We also find, however, that the sizes of the effects of these shocks are very small, accounting for under 2 per cent of the variance for both countries. Finally, we also find that the effects of the shocks dissipate within ten years, suggesting that the effects of these shocks are a short-term phenomenon.
- ISBN
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978-92-9256-934-1
- Language
-
Englisch
- Bibliographic citation
-
Series: WIDER Working Paper ; No. 2020/177
- Classification
-
Wirtschaft
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Personal Income, Wealth, and Their Distributions
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- Subject
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inequality
growth
Bayesian structural vector autoregression
China
USA
- Event
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Geistige Schöpfung
- (who)
-
Bandyopadhyay, Sanghamitra
Sun, Rui
- Event
-
Veröffentlichung
- (who)
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The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (where)
-
Helsinki
- (when)
-
2020
- DOI
-
doi:10.35188/UNU-WIDER/2020/934-1
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Bandyopadhyay, Sanghamitra
- Sun, Rui
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Time of origin
- 2020
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