2026-04-17T06:21:05Zhttps://recercat.cat/oai/requestoai:recercat.cat:2445/1198242025-12-05T05:49:33Zcom_2072_1057col_2072_478808col_2072_478917
RECERCAT
author
Castells-Quintana, David
author
Royuela Mora, Vicente
2018-02-14T11:47:31Z2018-12-31T06:10:21Z2017-122018-02-14T11:47:33Z
Despite extensive research controversy remains on the effects of income inequality on economic growth. The literature proposes several transmission channels through which these effects may occur and even the existence of two different forms of inequality. However, empirical studies have not generally distinguished between these channels, nor have they considered the two forms of inequality and their separate effects on growth. In this paper we review the theory and the evidence of the transmission channels through which inequality influences growth. We contribute to the literature by using a system of recursive equations, following a control function approach, to empirically assess the relevance of these channels and to differentiate between two forms of inequality. In a single model, we capture both a negative and a positive effect of inequality on long-run economic growth
(c) Springer Verlag, 2017 info:eu-repo/semantics/openAccess
Creixement econòmic
Igualtat
Recursos humans
Economia de mercat
Economic growth
Equality
Human capital
Market economy
Tracking positive and negative effects of inequality on long-run growth
info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion