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- Desigualdad Y Convergencia

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  • Matilde Mas Ivars

    ()
    (Instituto Valenciano de Investigaciones Económicas)

  • Francisco José Goerlich Gisbert

    (Universitat de València)

Abstract

This paper questions the empirical evidence of the relationship between inequality and growth on the basis of the estimation of convergence equations. The criticisms are aimed in two directions - at the quality of the data and at the standard estimation procedure. It begins by describing in detail the procedure followed in the elaboration of inequality indices for the Spanish provinces, on the basis of the Household Budget Surveys for the years 1973/74, 1980/81 and 1990/91. This information enables the panel data technique to be applied, confirming the negative effect of inequality on the potential growth of the economy when the variables are expressed in per capita terms. El trabajo cuestiona la evidencia empírica relativa a la relación existente entre desigualdad y crecimiento a partir de la estimación de ecuaciones de convergencia. Las críticas se orientan en dos direcciones, hacia la calidad de los datos y al procedimiento estándar de estimación. Comienza describiendo con detalle el procedimiento seguido en la elaboración de los índices de desigualdad para las provincias españolas, a partir de las Encuestas de Presupuestos Familiares de los años 1973/74, 1980/81 y 1990/91. Esta información permite aplicar la técnica de datos de panel, confirmando el efecto negativo de la desigualdad en el crecimiento potencial de la economía cuando las variables se expresan en términos per capita.

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File URL: http://www.ivie.es/downloads/docs/wpasec/wpasec-1999-07.pdf
File Function: Fisrt version / Primera version, 1999
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Bibliographic Info

Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 1999-07.

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Length: 27 pages
Date of creation: Sep 1999
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:1999-07

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Related research

Keywords: Distribución de la renta; desigualdad; crecimiento; convergencia Income distribution; inequality; growth; convergence;

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References

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  1. Bénabou, Roland, 1996. "Inequality and Growth," CEPR Discussion Papers 1450, C.E.P.R. Discussion Papers.
  2. Persson, T. & Tabellini, G., 1993. "Is Inequality Harmful for Growth," Papers 537, Stockholm - International Economic Studies.
  3. Ezequiel Uriel Jiménez & Francisco Pérez García & Matilde Mas Ivars & Joaquín Maudos Villarroya, 1993. "Disparidades Regionales Y Convergencia En Las Cc.Aa. Españolas," Working Papers. Serie EC 1993-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  4. Slesnick, Daniel T, 1993. "Gaining Ground: Poverty in the Postwar United States," Journal of Political Economy, University of Chicago Press, vol. 101(1), pages 1-38, February.
  5. Perotti, Roberto, 1993. "Political Equilibrium, Income Distribution, and Growth," Review of Economic Studies, Wiley Blackwell, vol. 60(4), pages 755-76, October.
  6. Holtz-Eakin, Douglas & Newey, Whitney & Rosen, Harvey S, 1988. "Estimating Vector Autoregressions with Panel Data," Econometrica, Econometric Society, vol. 56(6), pages 1371-95, November.
  7. Perotti, Roberto, 1996. " Growth, Income Distribution, and Democracy: What the Data Say," Journal of Economic Growth, Springer, vol. 1(2), pages 149-87, June.
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  17. Nelson, Julie A, 1988. "Household Economies of Scale in Consumption: Theory and Evidence," Econometrica, Econometric Society, vol. 56(6), pages 1301-14, November.
  18. McClements, L. D., 1977. "Equivalence scales for children," Journal of Public Economics, Elsevier, vol. 8(2), pages 191-210, October.
  19. Beach, Charles M & Davidson, Russell, 1983. "Distribution-Free Statistical Inference with Lorenz Curves and Income Shares," Review of Economic Studies, Wiley Blackwell, vol. 50(4), pages 723-35, October.
  20. Chiu, W Henry, 1998. "Income Inequality, Human Capital Accumulation and Economic Performance," Economic Journal, Royal Economic Society, vol. 108(446), pages 44-59, January.
  21. Arellano, Manuel & Bond, Stephen, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Wiley Blackwell, vol. 58(2), pages 277-97, April.
  22. Perotti, Roberto & Alesina, Alberto, 1996. "Income Distribution, Political Instability, and Investment," Scholarly Articles 4553018, Harvard University Department of Economics.
  23. Coulter, Fiona A E & Cowell, Frank A & Jenkins, Stephen P, 1992. "Equivalence Scale Relativities and the Extent of Inequality and Poverty," Economic Journal, Royal Economic Society, vol. 102(414), pages 1067-82, September.
  24. Slesnick, Daniel T, 1991. "The Standard of Living in the United States," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 37(4), pages 363-86, December.
  25. Basu, Kaushik & Foster, James E., 1998. "On measuring literacy," Policy Research Working Paper Series 1997, The World Bank.
  26. John A. Bishop & S. Chakraborti & Paul D. Thistle, 1994. "Relative Inequality, Absolute Inequality, And Welfare: Large Sample Tests For Partial Orders," Bulletin of Economic Research, Wiley Blackwell, vol. 46(1), pages 41-59, 01.
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Citations

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Cited by:
  1. Francisco José Goerlich Gisbert, 2007. "Distribucion De La Renta Y Aspectos Metodológicos En La Encuesta Continua De Presupuestos Familiares (Base 1997)," Working Papers. Serie EC 2007-07, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  2. Mas Ivars Matilde, 2006. "Infrastructures and New Technologies as Sources of Spanish Economic Growth," Working Papers 201045, Fundacion BBVA / BBVA Foundation.
  3. Francisco J. Goerlich-Gisbert & Casilda Lasso de la Vega & Ana Marta Urrutia, 2009. "The ‘extended’ Atkinson family and changes in the expenditure distribution. Spain 1973/74-2003," Journal of Income Distribution, Journal of Income Distribution, vol. 18(1), pages 20-41, March.

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