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Nonlinear Effects of Income Inequality on Economic Growth: A Comparative Analysis of Selected Countries      
Yazarlar (2)
Doç. Dr. Emin Efecan AKTAŞ Doç. Dr. Emin Efecan AKTAŞ
Kırşehir Ahi Evran Üniversitesi, Türkiye
Pelin Varol İyidoğan
Hacettepe Üniversitesi, Türkiye
Devamını Göster
Özet
Purpose - The paper queries the impacts of income inequality on economic growth in selected advanced and emerging market economies by adopting nonlinearity and endogeneity.
Methods - This research analysis is based on a balanced panel from 1996 to 2018 and employs the dynamic panel threshold analysis after baseline estimations with the fixed-effect, system Generalized Method of Moments, and difference Generalized Method of Moments.
Findings - This study finds a nonlinearity between income inequality and economic growth. Income inequality has a significant threshold effect on the growth of both panels. Besides, the threshold effect of emerging market countries is higher than the level for advanced countries. This means emerging market economies are negatively affected above the estimated threshold value according to the advanced economies.
Originality - This paper contributes to the literature by focusing on the nonlinear effects of income inequality and different aspects of economic growth above or below the estimated threshold value, thereby providing cross-country comparability and endogeneity.
Anahtar Kelimeler
Income inequality | economic growth | threshold analysis | dynamic panel | nonlinearity
Makale Türü Özgün Makale
Makale Alt Türü ESCI dergilerinde yayınlanan tam makale
Dergi Adı ECONOMIC JOURNAL OF EMERGING MARKETS
Dergi ISSN 2086-3128 Wos Dergi
Dergi Tarandığı Indeksler ESCI
Makale Dili İngilizce
Basım Tarihi 01-2022
Cilt No 14
Sayı 1
Sayfalar 72 / 84
Doi Numarası 10.20885/ejem.vol14.iss1.art6
Makale Linki http://dx.doi.org/10.20885/ejem.vol14.iss1.art6