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Jan 12, 2022 · Cingano (2014) lends support to a negative effect of inequality on growth using data from the Organization for Economic Co-operation and Development (OECD) income distribution dataset. Additionally, the author suggests that reducing inequality by focusing on income disparities at the bottom of the income distribution has a greater positive effect on growth than by focusing on the top of the ...
Jul 9, 2015 · The role that income inequality plays in economic growth has also received quite a bit of attention in policy circles and the press recently. For instance, the World Bank Group has included among its key global objective for development the eradication of extreme poverty and boosting the incomes of the bottom 40% of developing countries.
May 11, 2017 · What we find is that the effect of income inequality on economic growth can be either positive or negative, and that at a particular level of inequality—at a Gini of about 27 percent to be exact—the direction of the relationship changes—that is, where inequality begins to hurt economic development. We also assess if some of the commonly ...
Jun 24, 2022 · At low-income levels, inequality tends to boost economic growth by increasing physical capital investment. As income levels increase, human capital becomes more important than physical capital, and inequality tends to impede economic growth by affecting human capital accumulation. When credit markets continue to weaken, the impact of inequality ...
Sep 1, 2002 · Section 3 presents the empirical evidence relating income inequality and economic growth and the various causal mechanisms that have been suggested to explain how inequality affects growth. Section 4 discusses the relationship between income inequality and democracy, social conflict, and political instability––again, through an empirical and theoretical lens.
- Erik Thorbecke, Chutatong Charumilind
- 2002
Jan 21, 2020 · Inequality is growing for more than 70 per cent of the global population, exacerbating the risks of divisions and hampering economic and social development. But the rise is far from inevitable and can be tackled at a national and international level, says a flagship study released by the UN on Tuesday.
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Jan 27, 2022 · Thus, income inequality in UHC promotes economic growth even if it does not positively affect innovation. Even so, the positive channel is not valid as first-stage conditions are not achieved. On the other hand, when the savings channels are controlled, the effects of variables on economic growth are positive (columns 3–4a).
