Income inequality and economic growth: new evidence from latin america.
This paper explores the relationship between the inequality of income distributionand the economic growth of 20 Latin American and Caribbean countries duringthe 1980-2010 period. The study shows that the features of this relationship depend on the income level. In general, inequality is harmful to e...
- Autores:
-
Delbianco, Fernando
Dabús, Carlos
Caraballo, María Ángeles
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2014
- Institución:
- Universidad Nacional de Colombia
- Repositorio:
- Universidad Nacional de Colombia
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.unal.edu.co:unal/49387
- Acceso en línea:
- https://repositorio.unal.edu.co/handle/unal/49387
http://bdigital.unal.edu.co/42844/
- Palabra clave:
- Income inequality
economic growth
level of development
developing economies
Latin America.
O11
O15
O47
C23.
- Rights
- openAccess
- License
- Atribución-NoComercial 4.0 Internacional
| Summary: | This paper explores the relationship between the inequality of income distributionand the economic growth of 20 Latin American and Caribbean countries duringthe 1980-2010 period. The study shows that the features of this relationship depend on the income level. In general, inequality is harmful to economic growth. However, when it comes to the upper tail of the richer countries’ income distribution, higherinequality encourages economic growth and the relation becomes positive. Thus,contrary to the economic policy recommendations for the richer countries, our evidencesuggests that progressive redistributive policies in favor of poorer layers ofpopulation promote economic growth in lower income economies. |
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