期刊論文

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
ISSN 1558-3708
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