Pregled bibliografske jedinice broj: 998727
Measuring inequality persistence in OECD 1963-2008 using fractional integration and cointegration
Measuring inequality persistence in OECD 1963-2008 using fractional integration and cointegration // Quarterly review of economics and finance, 72 (2019), 65-72 doi:10.1016/j.qref.2018.12.006 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 998727 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Measuring inequality persistence in OECD 1963-2008
using fractional integration and cointegration
Autori
Gil-Alana, Luis A. ; Škare, Marinko ; Pržiklas Družeta, Romina
Izvornik
Quarterly review of economics and finance (1062-9769) 72
(2019);
65-72
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
income inequality ; persistence ; OECD ; fractional integration ; Gini index
Sažetak
This paper investigates persistence of income inequality and its major determinants in 26 OECD countries. We use fractional integration and select GDP per capita, inflation and employment as major macroeconomic determinants of income inequality. We find income inequality is highly persistent in all the countries examined. There is a significant long-run equilibrium relationship between GDP growth and income inequality. Our results challenge the standard ‘trickle-down’ theory finding evidence of a negative and robust relationship between GDP per capita growth and the Gini index. Thus, GDP per capita growth shows large redistributive effects while inflation and employment are statistically insignificant.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Ustanove:
Sveučilište Jurja Dobrile u Puli
Citiraj ovu publikaciju:
Časopis indeksira:
- Web of Science Core Collection (WoSCC)
- Emerging Sources Citation Index (ESCI)
- Scopus
- EconLit
