Effects of income inequality on the economic growth of Brazilian states: An analysis using the cointegrated panel model
Effects of income inequality on the economic growth of Brazilian states: An analysis using the cointegrated panel model
复制标题
DOI：
10.1108/ijse-02-2017-0039
复制
发表时间：
2018-01-01
影响因子：
1.9
通讯作者：
Pereira, Thiago Geovane
中科院分区：
文献类型：
--
作者：
Besarria, Cassio Nobrega;Araujo, Jevuks Matheus;Pereira, Thiago Geovane
本文旨在研究1994 - 2014年期间收入不平等对巴西各州经济增长的影响。收入不平等对经济增长影响的传导机制是根据Halter et al.（2014）提出的模型导出的。设计/方法/途径为实现这一目标而采用的经验公式分为两个阶段。第一阶段仅限于短期分析，使用固定效应、随机效应和工具变量的面板数据模型。在第二阶段，讨论转向使用的误差校正模型的cointegrated panel.Findings-本研究的结果表明，收入和教育水平的不平等是巴西各州之间不同的增长率的主要决定因素。更具体地说，研究发现，额外的学校教育年限对成长有积极影响。相比之下，收入不平等对这一指标产生负面影响。独创性/价值本研究与其他研究不同之处在于，它采用了Halter等人（2014）提出的讨论来分析巴西各州。Halter等人（2014）推导出收入不平等和经济增长之间的传导渠道，显示了生产的非单调调整轨迹，导致收入不平等和经济增长的线性理论模型，类似于这种方法中使用的模型。
Purpose The purpose of this paper is to investigate the effects of income inequality on the economic growth of Brazilian states in the period from 1994 to 2014. The transmission mechanism of the effects of income inequality on economic growth is derived from the model proposed by Halter et al. (2014).Design/methodology/approach The empirical formulation adopted to achieve this goal is divided into two stages. The first stage is limited to short-term analysis, and panel data models with fixed effects, random effects, and instrumental variables are used. In the second stage, the discussion turns to the use of the error correction model for a cointegrated panel.Findings The findings of this study suggest that inequalities in income and educational level are the principal determinants of different growth rates among Brazilian states. More specifically, it is found that additional years of schooling positively influence growth. By contrast, income inequality negatively affects this indicator.Originality/value The present study differs from the others in that it adapts the discussion proposed by Halter et al. (2014) to the analysis of Brazilian states. Halter et al. (2014) derive the transmission channel between income inequality and economic growth, showing a non-monotonic adjustment trajectory of production that leads to a linear theoretical model of income inequality and economic growth that is similar to those used in this type of approach.