教師資料查詢 | 類別: 期刊論文 | 教師: 林亦珍 Yi-chen Lin (瀏覽個人網頁)

標題:Inequality-Growth Nexus along the Development Process
學年102
學期2
出版(發表)日期2014/05/01
作品名稱Inequality-Growth Nexus along the Development Process
作品名稱(其他語言)
著者Lin, Yi-chen; Huang, Ho-chuan; Yeh, Chih-chuan
單位淡江大學經濟學系
出版者Berlin: Walter de Gruyter GmbH
著錄名稱、卷期、頁數Studies in Nonlinear Dynamics and Econometrics 18(3), p.237–252
摘要The paper examines whether the effect of inequality on growth varies with the level of economic development. Using a comprehensive panel of annual data for the 48 contiguous US states over the period 1945–2004, we find overwhelming evidence in support of threshold effects in the relationship between inequality and growth. Our analysis shows that while the effect of inequality on growth is significantly negative at lower levels of development, this effect diminishes along the growth process and then turns significantly positive at higher levels of development. Quantitatively, the coefficient estimates imply that when real income per capita is below the threshold of $12,140 (2004 US dollar), a one standard deviation increase in the share of income held by the top 1% of the population reduces the growth rate of real per capita income by 0.6479 percentage points. In contrast, when income per capita is above the threshold of $21,065 (2004 US dollar), a one standard deviation increase in the top percentile income share raises the rate of growth of real per capita income by 0.2561 percentage points.
關鍵字economic growth;income inequality;panel data;threshold regression
語言英文
ISSN1558-3708
期刊性質國外
收錄於SSCI;
產學合作
通訊作者Lin, Yi-chen
審稿制度
國別德國
公開徵稿
出版型式,電子版
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