Inequality and growth: industry-level evidence

DC FieldValueLanguage
dc.contributor.authorErman, Lisardo
dc.contributor.authorte Kaat, Daniel Marcel
dc.date.accessioned2021-12-23T15:59:11Z-
dc.date.available2021-12-23T15:59:11Z-
dc.date.issued2019
dc.identifier.issn13814338
dc.identifier.urihttps://osnascholar.ub.uni-osnabrueck.de/handle/unios/3787-
dc.description.abstractUsing a comprehensive data set of 22 industries in 86 countries over the period 1980-2012, we empirically identify the effect of inequality on industry-level value added growth. We show that an unequal income distribution increases the growth rates of physical-capital-intensive industries and reduces the growth rates of human-capital-intensive industries by lowering human capital and raising physical capital accumulation. Our study suggests that the empirical difficulty to identify a monotonic relationship between inequality and aggregate growth reflects differences in the relative importance of human and physical capital in a country's production structure.
dc.language.isoen
dc.publisherSPRINGER
dc.relation.ispartofJOURNAL OF ECONOMIC GROWTH
dc.subjectBusiness & Economics
dc.subjectECONOMIC-GROWTH
dc.subjectEconomics
dc.subjectHuman capital
dc.subjectInequality-growth nexus
dc.subjectPhysical capital
dc.subjectPRODUCTIVITY
dc.titleInequality and growth: industry-level evidence
dc.typejournal article
dc.identifier.doi10.1007/s10887-019-09169-z
dc.identifier.isiISI:000485085200003
dc.description.volume24
dc.description.issue3
dc.description.startpage283
dc.description.endpage308
dc.contributor.orcid0000-0001-9879-554X
dc.identifier.eissn15737020
dc.publisher.placeVAN GODEWIJCKSTRAAT 30, 3311 GZ DORDRECHT, NETHERLANDS
dcterms.isPartOf.abbreviationJ. Econ. Growth
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