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Inequality and growth: industry-level evidence
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نویسنده
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Lisardo Erman ,Daniel Marcel te Kaat
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منبع
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journal of economic growth - 2019 - دوره : 24 - شماره : 3 - صفحه:283 -308
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چکیده
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using 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.
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کلیدواژه
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Inequality-growth nexus ,Human capital ,Physical capital ,E22 ,J24 ,O11 ,O15
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آدرس
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Osnabrück University, Germany, Osnabrück University, Germany
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Authors
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