Ivan LyubimovPublished in:
Russian Journal of Entrepreneurship
– Volume 17, Number 1 (January, 2016)



Keywords: economic growth, human capital assets, income inequality, poverty, redistribution, reform


Share:

Abstract:

The article analyzes the results of works dealing with statistical testing of relationship between inequality and economic growth. And we cannot come to the firm conclusion about the nature of this relationship, however, papers that use panel data, indicate a significant negative relationship between the inequality of assets and economic growth. The author comes to the same conclusion based on the results of his own empirical research of the relationship between growth and inequality. In addition, the paper provides practical measures aimed at reducing inequality in Russia.

---

References:
Drobyshevskiy, S.M., Sinelnikov-Murylev, S.G. (2012). Makroekonomicheskie predposylki realizatsii novoy modeli rosta. Voprosy ekonomiki, 9, 4-24.
Idrisov, G.I., Sinelnikov-Murylev, S.G. (2014). Formirovanie predposylok dolgosrochnogo rosta: kak ikh ponimaty?. Voprosy ekonomiki, 3, 4-20.
Kudrin, A.L., Gurvich, E.T. (2014). Novaya model rosta dlya rossiyskoy ekonomiki. Voprosy ekonomiki, 12, 4-36.
Mau, V.A. (2014). V ozhidanii novoy modeli rosta: sotsialno-ekonomicheskoe razvitie Rossii v 2013 godu. Voprosy ekonomiki, 2, 4-32.
Mau, V.A. (2012). Chelovecheskiy kapital: vyzovy dlya Rossii. Voprosy ekonomiki, 7, 114-132.
Ulyukaev, A.V., Mau, V.A. (2015). Ot ekonomicheskogo krizisa k ekonomicheskomu rostu, ili kak ne daty krizisu prevratitysya v stagnatsiyu. Voprosy ekonomiki, 4, 5-19.

Alesina, A., Rodrik, D. (1994). Distributive Politics and Economic Growth. Quarterly Journal of Economics, 109(2), 465-490.
Alesina, A., Perotti, R. (1996). Income distribution, political instability, and investment. European Economic Review, 40(6), 1203-1228.
Barro, R.J. (2000). Inequality and growth in a panel of countries. Journal of Economic Growth, 5(1), 5-32. doi: 10.1023/A:1009850119329
Castelló, A., Doménech, R. (2002). Human capital inequality and economic growth: some new evidence. The Economic Journal, 112(478), 187-200. doi: 10.1111/1468-0297.00024
Clarke, G.R.G. (1995). More evidence on income distribution and growth. Journal of Development Economics, 47(2), 403-427. doi: 10.1016/0304-3878(94)00069-O
Deininger, K., Squire, L. (1996). A new data set measuring income inequality. World Bank Economic Review, 10(3), 565-591.
Deininger, K., Squire, L. (1998). New ways of looking at old issues: inequality and growth. Journal of Development Economics, 57(2), 259-287. doi: 10.1016/S0304-3878(98)00099-6
Forbes, K.J. (2000). A reassessment of the relationship between inequality and growth. The American Economic Review, 90, 869-887.
Kuznets, S. (1955). Economic growth and income inequality. The American Economic Review, XLV(1), 1-28.
Li, H., Zou, H. (1998). Income inequality is not harmful for growth: theory and evidence. Review of Development Economics, 2(3), 318-334. doi: 10.1111/1467-9361.00045
Perotti, R. (1996). Growth, Income Distribution, and Democracy: What the Data Say. Journal of Economic Growth, 1(2), 149-187. doi: 10.1007/BF00138861
Persson, T., Tabellini, G. (1994). Is Inequality Harmful for Growth?. The American Economic Review, 84(3), 600-621.
Rosenstein-Rodan, P.N. (1943). Problems of industrialisation of Eastern and South-Eastern Europe. The Economic Journal, 53(210-211), 202-211.
Stern, N. (1991). The determinants of growth. The Economic Journal, 101(404), 122-133.