Author： Castelló-Climent Amparo
Publisher： Springer Publishing Company
ISSN： 1569-1721
Source： The Journal of Economic Inequality, Vol.8, Iss.3, 2010-09, pp. : 293-321
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Abstract
This paper empirically investigates the effect of income and human capital inequality on economic growth in different regions of the world. In the estimation of a dynamic panel data model that controls for country-specific effects and takes into account the persistency of the inequality indicators, the results show a different effect of inequality on growth depending on the level of development of the region. Specifically, we find a negative effect of income and human capital inequality on economic growth, both in the sample as a whole and in the low and middle-income economies, an effect that vanishes or becomes positive in the higher-income countries.
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