Coverart for item
The Resource Inequality and Growth : A Heterogeneous Approach, Francesco Grigoli

Inequality and Growth : A Heterogeneous Approach, Francesco Grigoli

Label
Inequality and Growth : A Heterogeneous Approach
Title
Inequality and Growth
Title remainder
A Heterogeneous Approach
Statement of responsibility
Francesco Grigoli
Creator
Author
Subject
Genre
Language
eng
Summary
The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a heterogeneous panel structural vector autoregression model, which addresses some empirical challenges plaguing the literature. We find that income inequality is converging across countries, and that its impact on economic growth is heterogeneous. In particular, while the median response of real per capita GDP growth to shocks in income inequality is negative and significant, the dispersion around the estimates is large, with at least one fourth of the countries in the sample presenting a positive effect. The results suggest that the negative effect is mainly driven by the Middle East and Central Asia and the Western Hemisphere across regions, and emerging markets across income levels. Finally, we find evidence that improved institutional frameworks can reduce the negative effect of income inequality on growth
Member of
Cataloging source
DcWaIMF
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Grigoli, Francesco
Government publication
international or intergovernmental publication
LC call number
K4452.I57
LC item number
G754 2016 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
Series statement
IMF Working Paper
http://library.link/vocab/subjectName
  • Economic Growth
  • Income Distribution
  • Income Inequality
  • Panel Analysis
  • All Countries
Label
Inequality and Growth : A Heterogeneous Approach, Francesco Grigoli
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2016244
Dimensions
unknown
Extent
1 online resource (33 pages)
Form of item
online
Isbn
9781475560527
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475560527.001
Specific material designation
remote
System control number
(IMF)WPIEA2016244
Label
Inequality and Growth : A Heterogeneous Approach, Francesco Grigoli
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2016244
Dimensions
unknown
Extent
1 online resource (33 pages)
Form of item
online
Isbn
9781475560527
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475560527.001
Specific material designation
remote
System control number
(IMF)WPIEA2016244

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