Publication:
Effects of Income Inequality on Aggregate Output

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dc.contributor.authorBrueckner, Markus
dc.contributor.authorLederman, Daniel
dc.date.accessioned2015-07-17T16:38:47Z
dc.date.available2015-07-17T16:38:47Z
dc.date.issued2015-06
dc.description.abstractThis paper estimates the effect of income inequality on real gross domestic product per capita using a panel of 104 countries during the period 1970–2010. The empirical analysis addresses endogeneity issues by using instrumental variables estimation and controlling for country and time fixed effects. The analysis finds that, on average, income inequality has a significant negative effect on transitional gross domestic product per capita growth and the long-run level of gross domestic product per capita. However, the impact varies by the level of economic development, so much so that in poor countries income inequality has a significant positive effect on gross domestic product per capita.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/06/24679226/effects-income-inequality-aggregate-output
dc.identifier.doi10.1596/1813-9450-7317
dc.identifier.urihttps://hdl.handle.net/10986/22203
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 2317
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectINDUSTRIALIZED COUNTRIES
dc.subjectINCOME SHARE
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectECONOMIC GROWTH
dc.subjectCAPITAL ACCUMULATION
dc.subjectINCOME
dc.subjectINDIVIDUAL COUNTRIES
dc.subjectINCOME QUINTILES
dc.subjectECONOMETRIC MODEL
dc.subjectREAL GDP
dc.subjectGDP PER CAPITA
dc.subjectECONOMIC REVIEW
dc.subjectDEVELOPING COUNTRIES
dc.subjectEMPIRICAL LEVEL
dc.subjectPOLICY CIRCLES
dc.subjectFISCAL POLICY
dc.subjectPOLICY DISCUSSIONS
dc.subjectVARIABLES
dc.subjectEMPIRICAL STUDIES
dc.subjectLAGGED VALUES
dc.subjectMARGINAL EFFECT
dc.subjectWEALTH
dc.subjectMEASURES
dc.subjectEMPIRICAL LITERATURE
dc.subjectINSTRUMENTS
dc.subjectINCOME INEQUALITY DATA
dc.subjectEMPIRICAL ANALYSIS
dc.subjectDEVELOPMENT
dc.subjectMARKET IMPERFECTIONS
dc.subjectSTANDARD DEVIATION
dc.subjectEMPIRICAL RESULTS
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectFOREIGN AID
dc.subjectECONOMICS OF EDUCATION
dc.subjectDESCRIPTIVE STATISTICS
dc.subjectINCOME INEQUALITY
dc.subjectDATA QUALITY
dc.subjectSIGNIFICANCE LEVEL
dc.subjectSIGNIFICANT NEGATIVE
dc.subjectECONOMETRICS
dc.subjectPER CAPITA GROWTH
dc.subjectGROSS DOMESTIC PRODUCT PER CAPITA
dc.subjectNEGATIVE COEFFICIENT
dc.subjectINDICATORS
dc.subjectLAND OWNERSHIP
dc.subjectPRODUCT
dc.subjectRELATIVE PRICES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectTAXES
dc.subjectCONSUMPTION
dc.subjectHUMAN CAPITAL
dc.subjectCREDIT MARKET IMPERFECTIONS
dc.subjectEXPLANATORY VARIABLE
dc.subjectCOUNTRY LEVEL
dc.subjectCAPITAL
dc.subjectECONOMIC STUDIES
dc.subjectESTIMATED COEFFICIENT
dc.subjectVALUE
dc.subjectDEPENDENT VARIABLE
dc.subjectLAND INEQUALITY
dc.subjectCREDIT
dc.subjectMACROECONOMICS
dc.subjectPOOR COUNTRIES
dc.subjectNATIONAL INCOME
dc.subjectDYNAMIC PANEL
dc.subjectINEQUALITY DATA
dc.subjectNEGATIVE EFFECT
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOMES
dc.subjectESTIMATED COEFFICIENTS
dc.subjectAGGREGATE OUTPUT
dc.subjectERROR TERM
dc.subjectSECONDARY SCHOOLING
dc.subjectECONOMIC THEORY
dc.subjectECONOMICS
dc.subjectEMPIRICAL RESEARCH
dc.subjectLAGGED DEPENDENT
dc.subjectFIXED EFFECTS
dc.subjectDATA SETS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectPOSITIVE EFFECT
dc.subjectTRADE
dc.subjectRICH COUNTRIES
dc.subjectGDP
dc.subjectDATA SET
dc.subjectTHEORY
dc.subjectCROSS-COUNTRY DIFFERENCES
dc.subjectWAR
dc.subjectINVESTMENT
dc.subjectINCOME SHARES
dc.subjectPOVERTY
dc.subjectGINI COEFFICIENT
dc.subjectEMPIRICAL EVIDENCE
dc.subjectDISTRIBUTION OF WEALTH
dc.subjectPOLICY RESEARCH
dc.subjectRISING INEQUALITY
dc.subjectPOOR
dc.subjectCAPITAL INVESTMENT
dc.subjectDEVELOPMENT INDICATORS
dc.subjectINTERNATIONAL COMPARISONS
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectINEQUALITY COEFFICIENT
dc.subjectLONG RUN
dc.subjectINCOME LEVEL
dc.subjectCREDIT MARKET
dc.subjectDEVELOPMENT POLICY
dc.subjectINEQUALITY
dc.subjectGROWTH
dc.titleEffects of Income Inequality on Aggregate Outputen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleEffects of Income Inequality on Aggregate Output
okr.date.disclosure2015-06-22
okr.date.doiregistration2025-04-10T10:37:36.560269Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2015/06/24679226/effects-income-inequality-aggregate-output
okr.globalpracticePoverty
okr.guid291151468188658453
okr.identifier.doi10.1596/1813-9450-7317
okr.identifier.externaldocumentum090224b082f720f2_1_0
okr.identifier.internaldocumentum24679226
okr.identifier.reportWPS7317
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/06/22/090224b082f720f2/1_0/Rendered/PDF/Effects0of0inc00on0aggregate0output.pdfen
okr.region.administrativeLatin America & Caribbean
okr.topicPoverty Reduction::Poverty Impact Evaluation
okr.topicServices Transfers to Poor
okr.topicPoverty Reduction::Pro-Poor Growth
okr.topicPoverty Reduction::Inequality
okr.topicMacroeconomics and Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.unitOffice of the Chief Economist, Latin America and the Caribbean Region
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relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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