Year: 2007
Type: article
Abstract: Recent empirical research on the relationship between income inequality and economic growth has provided controversial results.Some studies predict a negative, and some a positive effect of inequality on growth.Answers to the controversy have usually been sought from problems in the estimation technique, the measure of inequality, or from some form of non-linearity between inequality and growth.This study shows that the controversy can be attributed to all three aforementioned causes.In conclusion, this study finds that the effect of inequality to growth depends on the level of economic development -as Kuznets originally argued.
Source: Työväentutkimus Vuosikirja
Author: Tuomas Malinen
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W600269522