Mcknight, Abigail (2019) Understanding the relationship between poverty, inequality and growth: a review of existing evidence. CASEpapers (216). Centre for Analysis of Social Exclusion, London, UK.
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Abstract
This paper reviews the theoretical literature and empirical evidence on the relationship between poverty, inequality and economic growth. It finds evidence that economic inequality is good for growth as well as new convincing evidence that inequality is bad for growth. Variation in data quality, methodologies, the range of countries included in different studies makes it difficult to compare the evidence. A recent hypothesis that the relationship between inequality and growth might be non-linear, with very low and very high levels of inequality being harmful to growth but a range in between where the relationship is not clearly defined might provide a means to unify some of the conflicting findings.
Item Type: | Monograph (Working Paper) |
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Official URL: | https://sticerd.lse.ac.uk/CASE/_new/publications/C... |
Additional Information: | © 2019 The Author |
Divisions: | Centre for Analysis of Social Exclusion |
Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HN Social history and conditions. Social problems. Social reform |
JEL classification: | I - Health, Education, and Welfare > I3 - Welfare and Poverty > I32 - Measurement and Analysis of Poverty D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output (Income) Convergence |
Date Deposited: | 18 Feb 2020 10:06 |
Last Modified: | 14 Sep 2024 04:08 |
URI: | http://eprints.lse.ac.uk/id/eprint/103458 |
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