| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Is Income Inequality Endogenous in Regional Growth?
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| Autores: |
Hailu, Yohannes G.
Kahsai, Mulugeta S.
Gebremedhin, Tesfa G.
Jackson, Randall W.
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| Data: |
2009-01-05
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| Ano: |
2009
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| Palavras-chave: |
Income inequality
Economic growth
Gini coefficient
Growth modeling
Population change
Per capita income
Community/Rural/Urban Development
Public Economics
I32
J15
O18
P25
R11
R23
R25
R51
R53
R58
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| Resumo: |
This study focuses on testing the relationship between income inequality and growth within U.S. counties, and the channels through which such effects are observed. The study tests three hypotheses: (1) income inequality has an inverse relationship with growth; (2) regional growth adjustments are the channels through which the inequality and growth are equilibrated; and (3) income inequality is endogenous to regional growth and its adjustment. Results, based on a system of equations estimation, confirm the hypotheses that income inequality has a growth dampening effect; income inequality is endogenous to regional growth and growth adjustment; and the channels through which income inequality determines growth are regional growth adjustments, such as migration and regional adjustment in job and income growth. Results have numerous policy implications: (1) to the extent that income inequality is endogenous, its equilibrium level can be internally determined within a regional growth process; (2) to the extent that traditional income inequality mitigating policies have indirect effect on overall regional growth, they may have unintended indirect effects on income inequality; and (3) to the extent that regional growth adjustment also equilibrates income inequality, such forces can be utilized as policy instruments to mitigate income inequality, and its growth dampening effects hence forth.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/46320
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| Relação: |
Southern Agricultural Economics Association>2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia
Selected Paper
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| Formato: |
20
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