Inequality, financial development and economic growth in the OECD, 1870

Autor/inn/en	Madsen, Jakob B.; Islam, Md. Rabiul; Doucouliagos, Hristos
Titel	Inequality, financial development and economic growth in the OECD, 1870 - 2011. Gefälligkeitsübersetzung: Ungleichheit, Finanzentwicklung und Wirtschaftswachstum in der OECD, 1870-2011.
Quelle	In: European economic review, 101 (2018) January, S. 605-624 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0014-2921; 1873-572X
DOI	10.1016/j.euroecorev.2017.11.004
Schlagwörter	Bildung; Wissen; Soziale Ungleichheit; Bildung; Investition; Soziale Ungleichheit; Sparen; Wirtschaftswachstum; Wissen; Internationaler Vergleich; Ungleichheit; Quote; Ungleichheit; Industriestaat; Investition; Sparen; Wirtschaftswachstum; Internationaler Vergleich; Quote; OECD (Organisation für wirtschaftliche Zusammenarbeit und Entwicklung)
Abstract	"Inequality's effect on growth remains elusive, largely due to endogeneity, complex interactions, and lead - lag relationships. We revisit this issue by examining the four main channels through which inequality transmits to growth: savings, investment, education, and knowledge production. We construct new panel data for 21 OECD countries spanning 142 years. External communist influence is used as a new time-varying instrument for inequality and the effects of inequality on the outcome variables are made conditional on the stage of financial development. Our results show that inequality hampers growth at low to moderate levels of financial development but has little effect on growth at advanced levels of financial development." (Author's abstract, © 2017 Elsevier).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2018/3