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
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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
Short address: https://sciup.org/140124631
IDR: 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.
