On the Dynamic Relationship between Inequality and Economic GrowthOn the Dynamic Relationship between Inequality and Economic Growth
- Other Titles
- On the Dynamic Relationship between Inequality and Economic Growth
- Authors
- 김동헌; 문제영
- Issue Date
- 2022
- Publisher
- 서울대학교 경제연구소
- Keywords
- Economic growth; Income inequality; Nonlinearity; Threshold value; Flexible inference
- Citation
- Seoul Journal of Economics, v.35, no.3, pp 241 - 260
- Pages
- 20
- Indexed
- SCOPUS
ESCI
KCI
- Journal Title
- Seoul Journal of Economics
- Volume
- 35
- Number
- 3
- Start Page
- 241
- End Page
- 260
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/143968
- DOI
- 10.22904/sje.2022.35.3.002
- ISSN
- 1225-0279
- Abstract
- This study reexamines the nonlinear relationship between inequality economic growth in the dynamic context and addresses the nonlinear function and the nature of its nonlinearity. Nonlinear flexible inference was used for the unknown functional relation with estimation results based on the panel data set of 77 countries for the period 1982–2019, confirming earlier findings for the nonlinear relationship between inequality and growth. Particularly, there exists a threshold value in the Gini Coefficient and level of inequality when it is greater than the threshold value, the decrease in inequality seems to enhance economic growth and if the level is less than the threshold value, the reduction in inequality appears to impede economic growth. The inclusion of the threshold specification appears to characterize the nonlinear relationship adequately, thus capturing the nature of nonlinearity.
- Files in This Item
- There are no files associated with this item.
- Appears in
Collections - College of Political Science & Economics > Department of Economics > 1. Journal Articles
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.