淡江大學機構典藏:Item 987654321/50324
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    題名: Nonlinearity between Inequality and Growth
    作者: Lin, Shu-chin;Huang, Ho-chuan;Kim, Dong-hyeon;Yeh,Chih-chuan
    貢獻者: 淡江大學財務金融學系
    日期: 2009-05-01
    上傳時間: 2010-08-09 15:34:25 (UTC+8)
    出版者: Berlin: Walter de Gruyter GmbH & Co. KG
    摘要: 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.
    關聯: Studies in Nonlinear Dynamics & Econometrics 13(2), pp.1-20
    DOI: 10.2202/1558-3708.1635
    顯示於類別:[財務金融學系暨研究所] 期刊論文

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