Scientific articles
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Economics. Economic science
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Economics in general
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Science of economics. Basic economic concepts, theory. Value. Capital. Funds
Impact of economic inequality on GDP
Journal: Экономика и социум @ekonomika-socium
Article in issue: 2 (33), 2017.
Free access
The relationship between inequality and growth is an important and controversial relationship in economic theory. In this paper, besides a short overview of the economic literature, we present selected models used to verify the relationship between growth and inequality. Our findings appear contrary to our expectations and literature, showing a significant positive relation between growth and inequality. Our findings suggest the need for further investigation into this relationship, before policy decisions can be made.
economic growth
\ economic inequality
\ gini coefficient
\ income distribution
\ welfare economics
Similar articles in the section Science of economics. Basic economic concepts, theory. Value. Capital. Funds
Short address: https://sciup.org/140124631
IDS: 140124631
References Impact of economic inequality on GDP
- Kuznets, Simon. "Economic Growth and Income Inequality." The American Economic Review45, no. 1 (1955): 128.
- Barro, Robert J. "Inequality and Growth in a Panel of Countries." Journal of Economic Growth5, no. 1 (2000): 532
- Forbes, Kristin J. "A Reassessment of the Relationship between Inequality and Growth." American economic review(2000): 869887
- World Bank Open Data (http://data.worldbank.org/)
- I.V.Tregub. Mathematical models of economic systems dynamics:Monography. M.: Finance Academy, 2009. 120 p.
