Arbeitspapier
Inequality and the Crisis: A Causal Inference Analysis
A new database for the calculation of quarterly income inequality measures was established for 11 economies from Central, East and Southeast Europe for the period of 1st quarter 2000 to 4th quarter 2011. Based on the large panel of the acquired quarterly Gini coefficients an ‘Acemoglu-style' causal inference analysis on the impact of the global financial crisis on economic growth and income inequality in transition economies was performed. The results suggest that at least in the short and medium run the growth model of transition economies switched to an industrial, export-led growth model as foreign capital flows dried up. While in the private sector wage dispersion further continued to increase during the boom just as during the economic break-down, the public sector acted inequality reducing both in the period of plenty as well as in the age of austerity.
- Language
-
Englisch
- Bibliographic citation
-
Series: wiiw Balkan Observatory Working Papers ; No. 110
- Classification
-
Wirtschaft
Multiple or Simultaneous Equation Models: Instrumental Variables (IV) Estimation
Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Economic Growth of Open Economies
Crisis Management
Socialist Institutions and Their Transitions: Consumer Economics; Health; Education and Training: Welfare, Income, Wealth, and Poverty
- Subject
-
Income inequality
economic growth
transition economies
economic crisis
- Event
-
Geistige Schöpfung
- (who)
-
Holzner, Mario
- Event
-
Veröffentlichung
- (who)
-
The Vienna Institute for International Economic Studies (wiiw)
- (where)
-
Vienna
- (when)
-
2013
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
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
- Holzner, Mario
- The Vienna Institute for International Economic Studies (wiiw)
Time of origin
- 2013
Other Objects (12)
Essays in causal inference
Causal inference in vision
Causal inference from statistical data
Empirical Methods for Causal Inference
Causal inference on discrete data
Economic theory and causal inference
Basic Ideas of Causal Inference
Fixed Effects and Causal Inference
Causal inference from statistical data
Industrial policy and causal inference
Causal inference in multilevel designs
Essays on Methods for Causal Inference
Essays in causal inference
Causal inference in vision
Causal inference from statistical data
Empirical Methods for Causal Inference
Causal inference on discrete data
Economic theory and causal inference
Basic Ideas of Causal Inference
Fixed Effects and Causal Inference
Causal inference from statistical data
Industrial policy and causal inference
Causal inference in multilevel designs
Essays on Methods for Causal Inference
Essays in causal inference
Causal inference in vision
Causal inference from statistical data
Empirical Methods for Causal Inference
Causal inference on discrete data
Economic theory and causal inference
Basic Ideas of Causal Inference
Fixed Effects and Causal Inference
Causal inference from statistical data
Industrial policy and causal inference
Causal inference in multilevel designs