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- Desigualdad Y Convergencia

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Author Info
Matilde Mas Ivars () (Instituto Valenciano de Investigaciones Económicas)
Francisco José Goerlich Gisbert (Universitat de València)

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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
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Publisher 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
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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

Find related papers by JEL classification:
D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

References listed on IDEAS
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  8. Kristin J. Forbes, 2000. "A Reassessment of the Relationship between Inequality and Growth," American Economic Review, American Economic Association, vol. 90(4), pages 869-887, September. [Downloadable!] (restricted)
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  14. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  15. Alesina, Alberto & Perotti, Roberto, 1996. "Income distribution, political instability, and investment," European Economic Review, Elsevier, vol. 40(6), pages 1203-1228, June. [Downloadable!] (restricted)
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  16. Beach, Charles M & Davidson, Russell, 1983. "Distribution-Free Statistical Inference with Lorenz Curves and Income Shares," Review of Economic Studies, Blackwell Publishing, vol. 50(4), pages 723-35, October. [Downloadable!] (restricted)
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  22. Clarke, George R. G., 1995. "More evidence on income distribution and growth," Journal of Development Economics, Elsevier, vol. 47(2), pages 403-427, August. [Downloadable!] (restricted)
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  23. Slesnick, Daniel T, 1991. "The Standard of Living in the United States," Review of Income and Wealth, Blackwell Publishing, vol. 37(4), pages 363-86, December.
  24. 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. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  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). [Downloadable!]
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