@inproceedings{Angeles-Castro2006relationship,
abstract = {Based on panel data we find that the inequality-growth relationship follows an
ordinary-U curve during the period 1970-1998, in which inequality first decreases and
then increases with economic growth. We also find some evidence that the increasing
pattern of inequality may reverse at higher levels of income. The time-series approach
complements the analysis and reveals that a substantial group of countries capture a
minimum turning point in the 1980s on average and it is found to occur earlier for
developed economies compare to developing ones; only a few countries reverse
inequality in a latter stage and display a maximum turning point during the late 1990s;
these countries are associated with a high governance indicator and moderate
expansion of trade and FDI. Hence, during the era of market openness the inequalitygrowth
relationship changed and became positive, although it is likely that income
distribution improves with economic growth at a latter stage; the implication of this is
that this relationship can be described in period cycles.},
author = {Gerardo Angeles-Castro},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {C23; C22; O15; 330; Economic liberalisation; Income distribution; Economic Growth; Dynamic Panel Data Models; Time Series Analysis},
language = {eng},
number = {2},
series = {Proceedings of the German Development Economics Conference, Berlin 2006 / Verein f\"{u}r Socialpolitik, Research Committee Development Economics},
title = {The relationship between economic growth and inequality: evidence from the age of market liberalism},
url = {http://hdl.handle.net/10419/19830},
year = {2006}
}
