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dc.contributor.authorAngeles-Castro, Gerardoen
dc.date.accessioned2009-01-28T16:07:52Z-
dc.date.available2009-01-28T16:07:52Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/19830-
dc.description.abstractBased 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.en
dc.language.isoengen
dc.publisher|aVerein für Socialpolitik, Ausschuss für Entwicklungsländer |cHannoveren
dc.relation.ispartofseries|aProceedings of the German Development Economics Conference, Berlin 2006 |x2en
dc.subject.jelC23en
dc.subject.jelC22en
dc.subject.jelO15en
dc.subject.ddc330en
dc.subject.keywordEconomic liberalisationen
dc.subject.keywordIncome distributionen
dc.subject.keywordEconomic Growthen
dc.subject.keywordDynamic Panel Data Modelsen
dc.subject.keywordTime Series Analysisen
dc.titleThe relationship between economic growth and inequality: evidence from the age of market liberalism-
dc.typeConference Paperen
dc.identifier.ppn517780372en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:gdec06:4725en

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