The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
A Reassessment of the Relationship Between Inequality and Growth
Open accessAbstract
This paper challenges the current belief that income inequality has a negative relationship with economic growth. It uses an improved data set on income inequality which not only reduces measurement error, but also allows estimation via a panel technique. Panel estimation makes it possible to control for time-invariant country-specific effects, therefore eliminating a potential source of omitted-variable bias. Results suggest that in the short and medium term, an increase in a country's level of income inequality has a significant positive relationship with subsequent economic growth. This relationship is highly robust across samples, variable definitions, and model specifications. (JEL O40, O15, E25)
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Cites
The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988
Summers, R., & Heston, A. (1991) · The Quarterly Journal of Economics · doi:10.2307/2937941 · Cited by 3,429
Cited by
Inequality and Growth in a Panel of Countries
Barro, R. J. (2000) · Journal of Economic Growth · doi:10.1023/a:1009850119329 · Cited by 2,676
Finance, inequality and the poor
Beck, T., Demirgüç-Kunt, A., & Levine, R. (2007) · Journal of Economic Growth · doi:10.1007/s10887-007-9010-6 · Cited by 2,377
Arellano, M. (2003) · doi:10.1093/0199245282.001.0001 · Cited by 2,108
Inequality and Economic Growth: The Perspective of the New Growth Theories
Aghion, P., Caroli, E., & García-Peñalosa, C. (1999) · Journal of Economic Literature · doi:10.1257/jel.37.4.1615 · Cited by 1,848
From Physical to Human Capital Accumulation: Inequality and the Process of Development
Galor, O., & Moav, O. (2004) · Review of Economic Studies · doi:10.1111/0034-6527.00312 · Cited by 1,317
Metadata
- Authors
- Forbes, K. J.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2000-09-01
- Volume
- 90
- Issue
- 4
- Pages
- 869-887
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2144705212
- Cited by
- 1,997
- References
- 1
- FWCI
- 287.95
- Type
- journal article
- Language
- en
- Open access
- green
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
