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A Reassessment of the Relation Between Economic Growth and Maldistribution of Income

dc.audienceResearcherseng
dc.audienceStudentseng
dc.audienceTeacherseng
dc.contributor.institucionUniversidad Católica de Colombiaspa
dc.coverage.ciudadBogotáspa
dc.creatorClavijo-Cortes, Pedrospa
dc.creatorCampo-Robledo, Jacobospa
dc.creatorMendoza-Tolosa, Henryspa
dc.date.accessioned2019-11-20T20:57:19Zspa
dc.date.available2019-11-20T20:57:19Zspa
dc.date.created2019-11-20spa
dc.description.abstractThis article aims to evaluate the effect of the maldistribution of income on economic growth. From the empirical point of view, the literature on the matter is considerable. However, previous studies have employed the Gini index as a measure of inequality which tends to underestimate income disparities across countries. Because the complexity of inequality has changed over time and due to the Gini index is incapable of capturing the changing nature of distribution, we employ the Palma Ratio instead of the Gini index. The main advantage of employing the Palma Ratio is that it captures the dynamics of inequality and allows us to analyze the roots of this maldistribution. The relationship is estimated employing the methodology of Arellano-Bond for dynamic panels, and the results suggest that maldistribution of income generates a sluggish economic growth. In fact, our results suggest that inequality could be associated with a substantial reduction in growth.eng
dc.format.extent22 páginasspa
dc.format.mimetypePDFspa
dc.identifier.urihttps://repositorio.redinvestigadores.org/handle/Riec/44spa
dc.language.isoengeng
dc.relation.ispartofDocumentos de Trabajospa
dc.relation.numberNo. 25spa
dc.relation.repechttps://ideas.repec.org/p/rie/riecdt/25.htmlspa
dc.rights.accessRightsOpen Accesseng
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0spa
dc.rights.spaAcceso abiertospa
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/eng
dc.subject.jelC23 - Panel Data Models • Spatio-temporal Modelseng
dc.subject.jelD63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurementeng
dc.subject.jelE25 - Aggregate Factor Income Distributioneng
dc.subject.jelO11 - Macroeconomic Analyses of Economic Developmenteng
dc.subject.jelO47 - Empirical Studies of Economic Growth • Aggregate Productivity • Cross-Country Output Convergenceeng
dc.subject.keywordPalma Ratioeng
dc.subject.keywordDynamic panelseng
dc.subject.keywordInequalityeng
dc.subject.keywordEconomic growtheng
dc.subject.lembCoeficiente de Ginispa
dc.subject.lembDistribución del ingresospa
dc.subject.lembDesigualdad económicaspa
dc.titleA Reassessment of the Relation Between Economic Growth and Maldistribution of Incomeeng
dc.typeWorking papereng
dc.type.hasversionPublished Versioneng
dc.type.spaDocumentos de Trabajospa

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