Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109290
Authors: 
Qin, Duo
Cagas, Marie Anne
Ducanes, Geoffrey
He
Inhua
Liu
Rui
Liu
Shiguo
Year of Publication: 
2006
Series/Report no.: 
ERD Working Paper Series 84
Abstract: 
This pilot empirical study seeks to ascertain how income inequality affects growth by incorporating panel data information into a macroeconometric model. People's Republic of China is used as the pilot fi eld. Provincial urban and rural household data are used to construct income inequality measures, which are then used to augment household consumption equations in a quarterly macroeconometric model. Model simulations are performed to study the inequality effect on gross domestic product growth and its sectoral components. Results show that income inequality forms robust explanatory variables of consumption and that the way inequality develops carries certain negative consequences on gross domestic product and sectoral growth.
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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