Inequality and Growth : : A Heterogeneous Approach / / Francesco Grigoli, Evelio Paredes, Gabriel Di Bella
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| Autore: |
Grigoli Francesco
|
| Titolo: |
Inequality and Growth : : A Heterogeneous Approach / / Francesco Grigoli, Evelio Paredes, Gabriel Di Bella
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2016 |
| Descrizione fisica: | 1 online resource (34 pages) : illustrations (some color), graphs, tables |
| Disciplina: | 339.2 |
| Soggetto topico: | Income distribution |
| Economic development | |
| Autoregression (Statistics) | |
| Aggregate Factor Income Distribution | |
| Economic Development: Human Resources | |
| Economic Growth and Aggregate Productivity: General | |
| Education | |
| Education: General | |
| Human Development | |
| Income Distribution | |
| Income inequality | |
| Income shocks | |
| Income | |
| Macroeconomics | |
| Migration | |
| National accounts | |
| Personal income | |
| Personal Income, Wealth, and Their Distributions | |
| Soggetto geografico: | Nigeria |
| Altri autori: |
Di BellaGabriel
ParedesEvelio
|
| Nota di bibliografia: | Includes bibliographical references. |
| Sommario/riassunto: | The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a heterogeneous panel structural vector autoregression model, which addresses some empirical challenges plaguing the literature. We find that income inequality is converging across countries, and that its impact on economic growth is heterogeneous. In particular, while the median response of real per capita GDP growth to shocks in income inequality is negative and significant, the dispersion around the estimates is large, with at least one fourth of the countries in the sample presenting a positive effect. The results suggest that the negative effect is mainly driven by the Middle East and Central Asia and the Western Hemisphere across regions, and emerging markets across income levels. Finally, we find evidence that improved institutional frameworks can reduce the negative effect of income inequality on growth. |
| Titolo autorizzato: | Inequality and Growth |
| ISBN: | 1-4755-6904-1 |
| 1-4755-6906-8 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910162925703321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2016/244