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Regional Income Inequality and Economic Growth: A Spatial Econometrics Analysis for Provinces in the Philippines 31
Pede, Valerien O.; Sparks, Adam H.; McKinley, Justin D..
This paper revisits the inequality-growth relationship using data at the sub-national (provincial) level in the Philippines over the period 1991- 2000. A conditional convergence growth model is considered where the growth of per capita income depends on inequality and other growth factors. The contribution of each province to the overall inequality obtained from the Theil index is considered. Results indicate that inequality has a positive and significant effect on per capita income growth. However, the magnitude of the inequality effect is not stable across regions. Geographically Weighted Regression estimates show that the magnitude of the inequality growth relationship varies over a range of 0.72 to 3.36. Other results are also noteworthy in this study....
Tipo: Presentation Palavras-chave: Clusters; Growth; Inequality; Spatial econometrics; Community/Rural/Urban Development; Research Methods/ Statistical Methods; R11; R12; O15; C21.
Ano: 2012 URL: http://purl.umn.edu/124402
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