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dc.contributor.authorAngeles-Castro, Gerardoen_US
dc.description.abstractBased on panel data we find that the inequality-growth relationship follows anordinary-U curve during the period 1970-1998, in which inequality first decreases andthen increases with economic growth. We also find some evidence that the increasingpattern of inequality may reverse at higher levels of income. The time-series approachcomplements the analysis and reveals that a substantial group of countries capture aminimum turning point in the 1980s on average and it is found to occur earlier fordeveloped economies compare to developing ones; only a few countries reverseinequality in a latter stage and display a maximum turning point during the late 1990s;these countries are associated with a high governance indicator and moderateexpansion of trade and FDI. Hence, during the era of market openness the inequalitygrowthrelationship changed and became positive, although it is likely that incomedistribution improves with economic growth at a latter stage; the implication of this isthat this relationship can be described in period cycles.en_US
dc.relation.ispartofseries|aProceedings of the German Development Economics Conference, Berlin 2006 / Verein für Socialpolitik, Research Committee Development Economics |x2en_US
dc.subject.keywordEconomic liberalisationen_US
dc.subject.keywordIncome distributionen_US
dc.subject.keywordEconomic Growthen_US
dc.subject.keywordDynamic Panel Data Modelsen_US
dc.subject.keywordTime Series Analysisen_US
dc.titleThe relationship between economic growth and inequality: evidence from the age of market liberalismen_US
dc.typeConference Paperen_US

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