Income Inequality and Economic Growth: Evidence from American Data
Income Inequality and Economic Growth: Evidence from American Data
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收入不平等与经济增长：来自美国数据的证据
DOI：
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发表时间：
1999
期刊：
影响因子：
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通讯作者：
U. Panizza
中科院分区：
文献类型：
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作者：
U. Panizza
虽然大多数跨国研究发现收入不平等与经济增长之间存在负相关关系，但使用面板数据的研究表明不平等与经济增长之间存在正相关关系。本文使用美国的跨州面板来评估不平等与增长之间的关系。使用标准固定效应和 GMM 估计，本文没有找到不平等与增长之间正向关系的证据，但发现了一些支持不平等与增长之间负向关系的证据。然而，该论文表明，不平等与增长之间的关系并不稳健，用于衡量不平等的方法的微小差异可能会导致对不平等与增长之间关系的估计存在巨大差异。
While most cross-country studies find a negative relationship between income inequality and economic growth, studies that use panel data suggest the presence of a positive relationship between inequality and growth. This paper uses a cross-state panel for the United States to assess the relationship between inequality and growth. Using both standard fixed effects and GMM estimations, this paper does not find evidence of a positive relationship between inequality and growth but finds some evidence in support of a negative relationship between inequality and growth. The paper, however, shows that the relationship between inequality and growth is not robust and that small differences in the method used to measure inequality can result in large differences in the estimated relationship between inequality and growth.