Coverart for item
The Resource Inequality overhang, Francesco Grigoli, Adrian Robles

Inequality overhang, Francesco Grigoli, Adrian Robles

Label
Inequality overhang
Title
Inequality overhang
Statement of responsibility
Francesco Grigoli, Adrian Robles
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
The linearity of the relationship between income inequality and economic development has been long questioned. While theory provides arguments for which the shape of relationship may be positive for low levels of inequality and negative for high ones, most of the empirical literature assumes a linear specification finding conflicting results. Employing an innovative empirical approach robust to endogeneity, we find pervasive evidence of nonlinearities. In particular, similar to the debt overhang literature, we identify an inequality overhang level in that the slope of the relationship between income inequality and economic development switches from positive to negative at a net Gini of about 27 percent. We also find that in an environment characterized by widespread financial inclusion and high income concentration, rising income inequality has a larger negative impact on economic development because banks may curtail credit to customers at the lower end of the income distribution. On the positive side, a sufficiently high female labor participation can act as a shock absorber reducing such negative impact, possibly through a more efficient allocation of resources
Member of
Cataloging source
EBLCP
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Grigoli, Francesco
Index
no index present
LC call number
HB141
LC item number
.G75 2017 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Robles, Adrian
Series statement
IMF Working Paper
Series volume
WP/17/76
http://library.link/vocab/subjectName
  • Econometric models
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • Econometric models
Label
Inequality overhang, Francesco Grigoli, Adrian Robles
Instantiates
Publication
Note
B.1 Mean Group Estimations
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover; Contents; 1 Introduction; 2 A Brief Review of the Literature; 3 Empirical Strategy; 4 Data, Integration, and Cointegration; 5 Linear or Nonlinear, That Is the Question; 5.1 Inequality Overhang; 5.2 Financial Inclusion; 5.3 Female Labor Participation; 5.4 Robustness; 6 Conclusions; References; A Data Sources and Country Groups; B Regression Results; List of Figures; 1 Evolution of the Unconditional Polynomial Relationship Over Time; 2 Evolution of the Derivative Over Time; 3 Average Conditional Relationship and Derivative
  • 4 Variations of the Average Conditional Relationship and Derivative for Different Levels and Changes of Net Gini5 Growth Dividend; 6 Variations of the Average Relationship for Different Levels and Changes of Financial Access; 7 Average Derivative for Varying Levels of Net Gini and Financial Access; 8 Variations of the Average Relationship for Different Levels and Changes of Female Labor Participation; 9 Average Derivative for Varying Levels of Net Gini and Female Labor Participation; List of Tables; 1 Panel Unit Root Tests; 2 Panel Cointegration Tests; A.1 Data Sources
Control code
983739077
Dimensions
unknown
Extent
1 online resource (28 pages)
Form of item
online
Isbn
9781475590135
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475589634.001
http://library.link/vocab/ext/overdrive/overdriveId
1006504
Specific material designation
remote
System control number
(OCoLC)983739077
Label
Inequality overhang, Francesco Grigoli, Adrian Robles
Publication
Note
B.1 Mean Group Estimations
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover; Contents; 1 Introduction; 2 A Brief Review of the Literature; 3 Empirical Strategy; 4 Data, Integration, and Cointegration; 5 Linear or Nonlinear, That Is the Question; 5.1 Inequality Overhang; 5.2 Financial Inclusion; 5.3 Female Labor Participation; 5.4 Robustness; 6 Conclusions; References; A Data Sources and Country Groups; B Regression Results; List of Figures; 1 Evolution of the Unconditional Polynomial Relationship Over Time; 2 Evolution of the Derivative Over Time; 3 Average Conditional Relationship and Derivative
  • 4 Variations of the Average Conditional Relationship and Derivative for Different Levels and Changes of Net Gini5 Growth Dividend; 6 Variations of the Average Relationship for Different Levels and Changes of Financial Access; 7 Average Derivative for Varying Levels of Net Gini and Financial Access; 8 Variations of the Average Relationship for Different Levels and Changes of Female Labor Participation; 9 Average Derivative for Varying Levels of Net Gini and Female Labor Participation; List of Tables; 1 Panel Unit Root Tests; 2 Panel Cointegration Tests; A.1 Data Sources
Control code
983739077
Dimensions
unknown
Extent
1 online resource (28 pages)
Form of item
online
Isbn
9781475590135
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475589634.001
http://library.link/vocab/ext/overdrive/overdriveId
1006504
Specific material designation
remote
System control number
(OCoLC)983739077

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