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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/50324


    Title: Nonlinearity between Inequality and Growth
    Authors: Lin, Shu-chin;Huang, Ho-chuan;Kim, Dong-hyeon;Yeh,Chih-chuan
    Contributors: 淡江大學財務金融學系
    Date: 2009-05-01
    Issue Date: 2010-08-09 15:34:25 (UTC+8)
    Publisher: Berlin: Walter de Gruyter GmbH & Co. KG
    Abstract: The existing literature shows that income inequality plays an important role in growth process, and such a relationship is better characterized as nonlinearity. The paper revisits the issue by employing the threshold regressions with instrumental variables approach. Using the initial level of economic development as a threshold variable, we find strong evidence in support of a nonlinear income threshold in the relationship. In particular, the data show that an increase in inequality would hinder growth in low-income countries but accelerate growth in high-income ones. The results therefore suggest that redistributive policy that alleviates inequality can foster economic growth in low-income countries, while policymakers confront a tradeoff between inequality and growth in high-income countries.
    Relation: Studies in Nonlinear Dynamics & Econometrics 13(2), pp.1-20
    DOI: 10.2202/1558-3708.1635
    Appears in Collections:[Graduate Institute & Department of Banking and Finance] Journal Article

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