The Relationship between Inequality and Growth: Evidence from New Data
Type
journal article
Date Issued
2017-09
Author(s)
Naguib, Costanza
Abstract
The relationship between inequality and growth has attracted a lot of attention in the previous literature. Estimation of this relationship may be biased by simultaneity, omitted variables and measurement error. The present paper contributes to the existing work by introducing the wealth Gini coefficient as a new inequality measure. The most reliable and recent data on income inequality are used for estimation. We employ the Arellano-Bond GMM estimation technique and we find that there seems to be a positive relationship between wealth inequality and real per capita GDP growth) but this relationship is not robust to different model specifications.
Language
English
HSG Classification
None
Refereed
Yes
Publisher
Swiss Journal of Economics and Statistics
Volume
153
Number
III
Start page
183
End page
222
Official URL
Subject(s)
Eprints ID
255694
File(s)![Thumbnail Image]()
Name
7. SJES_OK.pdf
Size
13.75 MB
Format
Adobe PDF
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