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Interdepedence of economic inequalities and economic growth in selected post-transition countries of the European Union

The purpose of this paper is to research the relationship between economic inequalities of distribution of household income and economic growth in the selected countries of the European Union in the period before and during the economic crisis, from 1995 to 2015. The following econometric methods were used: regression analysis, multiple econometric panel analysis and panel cointegration analysis using the vector error correction model (VECM). The result of the research confirms that there is a strong long-run relationship, in both directions of influence, i.e. from the variable of economic inequality of distribution of disposable equivalent income, expressed by the Gini coefficient (INEQG), to the variable change in gross domestic product (GDP) and vice versa. The conclusion is that there is a negative interdependence between economic inequalities of distribution of household income and economic growth, which has a long-run character.

economic inequalities, crisis, economic growth, distribution of household income, post-transition EU countries

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