教師資料查詢 | 類別: 期刊論文 | 教師: 黃河泉 HO-CHUAN HUANG (瀏覽個人網頁)

標題:The Effect of Growth Volatility on Income Inequality
學年103
學期2
出版(發表)日期2015/02/01
作品名稱The Effect of Growth Volatility on Income Inequality
作品名稱(其他語言)
著者Ho-Chuan (River) Huang; WenShwo Fang; Stephen M. Miller; Chih-Chuan Yeh
單位
出版者
著錄名稱、卷期、頁數Economic Modelling 45, pp.212–222.
摘要This paper assesses the long-run effect of growth volatility on income inequality using a comprehensive panel of annual U.S. state-level data during the 1945 to 2004 period. Using the pooled mean group (PMG) estimator, we find evidence supporting the hypothesis that larger growth volatility positively and significantly associates with higher income inequality. Our key finding is robust to alternative lag structures, conditioning variables, inequality measures, volatility indicators, time periods, and panel estimators. Our key finding does change for asymmetric effects, where larger growth volatility positively and significantly associates with higher income inequality only for positive economic growth. The volatility effect proves positive, but insignificant, for negative economic growth.
關鍵字Income inequality;Growth volatility;Pooled mean group estimator
語言英文
ISSN0264-9993
期刊性質國外
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別英國
公開徵稿
出版型式,電子版
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