Format:
1 Online-Ressource (circa 59 Seiten)
,
Illustrationen
Series Statement:
Policy research working paper 8467
Content:
This paper estimates a panel model in which the relationship between inequality and gross domestic product per capita growth depends on countries' initial incomes. Estimates of the model show that the relationship between inequality and gross domestic product per capita growth is significantly decreasing in countries' initial incomes. The results from instrumental variables regressions show that in low-income countries, transitional growth is boosted by greater income inequality. In high-income countries, inequality has a significant negative effect on transitional growth. For the median country in the world that in 2015 had a purchasing power parity gross domestic product per capita of around USD 10,000, instrumental variables estimates predict that a 1 percentage point increase in the Gini coefficient decreases gross domestic product per capita growth over a five-year period by over 1 percentage point; the long-run effect on the level of gross domestic product per capita is around -5 percent
Additional Edition:
Erscheint auch als Druck-Ausgabe Brueckner, Markus Inequality and Economic Growth: The Role of Initial Income Washington, D.C : The World Bank, 2018
Language:
English
Keywords:
Graue Literatur
DOI:
10.1596/1813-9450-8467
URL:
Volltext
(Deutschlandweit zugänglich)
URL:
Deutschlandweit zugänglich
Bookmarklink
