UID:
almafu_9958057032202883
Umfang:
1 online resource (53 p.)
Ausgabe:
1st ed.
ISBN:
9781475551402
,
1475551401
,
9781484300602
,
1484300602
Serie:
IMF Working Papers
Inhalt:
This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over the period 1980–2013, with a focus on the redistributive contribution of fiscal policy. Using instrumental variable techniques to deal with potential endogeneity, we find evidence supporting the hypothesis of the existence of a Kuznets curve—an inverted Ushaped relationship between income inequality and economic development—in China and the panel of BRIC+ countries. In the case of China, the empirical results indicate that government spending and taxation have opposing effects on income inequality. While government spending appears to have a worsening impact, taxation improves income distribution. Even though the redistributive effect of fiscal policy in China appears to be stronger than what we identify in the BRIC+ panel, it is not large enough to compensate for the adverse impact of other influential factors.
Anmerkung:
Description based upon print version of record.
,
Cover Page; Title Page; Copyright Page; Contents; Figures; Tables; I. Introduction; Figure 1. Income Inequality and Fiscal Redistribution in China; II. China's Experience in the Global Context; Figure 2. China and the Rest of the World; III. An Overview of the Literature; IV. A Synopsis of China's Fiscal Policy; Figure 3. Evolution of Fiscal Policy in China; V. Data Description; Figure 4. Confidence Intervals of Gini Coefficients in China; Table 1. Descriptive Statistics: China; Table 2. Descriptive Statistics: BRIC+ Countries; VI. Empirical Strategy and Results
,
A. Instrumental Variable Models-ChinaTable 3. China: IV Estimation; B. Instrumental-Variable Panel Data Analysis-BRIC+; Table 4. BRIC+ Panel: IV-GMM Estimation; VII. Concluding Remarks and Policy Issues; References; Footnotes
Weitere Ausg.:
ISBN 9781475519976
Weitere Ausg.:
ISBN 1475519974
Sprache:
Englisch
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