Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/226148 
Authors: 
Year of Publication: 
2013
Series/Report no.: 
wiiw Balkan Observatory Working Papers No. 110
Publisher: 
The Vienna Institute for International Economic Studies (wiiw), Vienna
Abstract: 
A new database for the calculation of quarterly income inequality measures was established for 11 economies from Central, East and Southeast Europe for the period of 1st quarter 2000 to 4th quarter 2011. Based on the large panel of the acquired quarterly Gini coefficients an ‘Acemoglu-style' causal inference analysis on the impact of the global financial crisis on economic growth and income inequality in transition economies was performed. The results suggest that at least in the short and medium run the growth model of transition economies switched to an industrial, export-led growth model as foreign capital flows dried up. While in the private sector wage dispersion further continued to increase during the boom just as during the economic break-down, the public sector acted inequality reducing both in the period of plenty as well as in the age of austerity.
Subjects: 
Income inequality
economic growth
transition economies
economic crisis
JEL: 
C36
C82
D63
F43
H12
P36
Document Type: 
Working Paper

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