A reassessment of inequality and growth in the United States
學年 100
學期 1
出版（發表）日期 2012-01-01
作品名稱 A reassessment of inequality and growth in the United States
作品名稱（其他語言）
著者 Huang, Ho-Chuan; Yeh, Chih-Chuan
單位 淡江大學財務金融學系
出版者 Abingdon: Routledge
著錄名稱、卷期、頁數 Applied Economics Letters 19(3), pp.289-295
摘要 In a recent interesting paper, Frank (2009) investigated the long-run inequality–growth nexus with a large panel of annual data for the 48 states in the United States over the 1945 to 2004 post-war period. By implementing the Pooled Mean Group (PMG) estimators, Frank (2009) concluded that there is a significant and positive relationship between inequality and growth. However, we find that Frank (2009) was actually measuring the effect of inequality on economic development (proxied by the logarithm of the real state income per capita) rather than on economic growth (defined by the first difference of the logarithm of the real state income per capita). To this purpose, we suggest a more adequate specification to reassess the relationship using the same data set and estimation technique. The fresh empirical results indicate that the inequality–growth connection continues to hold in a positive and significant manner, and the findings are robust to alternative lag order structures and income inequality measures.
關鍵字 inequality; growth; pooled mean group estimator
語言 en
ISSN 1350-4851 1466-4291
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Yeh, Chih-Chuan
審稿制度 是
國別 GBR
公開徵稿
出版型式 電子版 紙本
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