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Inequality and Economic Growth: An Empirical Evaluation of Foreign Countries and Russia
[Неравенство И Экономический Рост: Эмпирические Оценки Для Зарубежных Стран И России]

Author

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  • Kazakova, M.V. (Казакова, М.В.)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Kiblitskaya, T.R. (Киблицкая, Т.Р.)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Lyubimov, I.L. (Любимов, И.Л.)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Nesterova, K.V. (Нестерова, К.В.)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

In the middle of the XX century, the conception of the positive impact of income inequality on economic growth. Representatives of the classical approach is explained by the fact that the concentration of wealth allows you to invest in the economy, while the redistribution policy limits the possibilities for economic development. However, on the other hand, there are a number of channels through which inequality can have a negative impact on economic growth: credit market imperfections, the threat to social and political stability, limiting investment in human capital, etc. In this paper we will try to confirm or deny the existence of the relationship between economic growth and income inequality.

Suggested Citation

  • Kazakova, M.V. (Казакова, М.В.) & Kiblitskaya, T.R. (Киблицкая, Т.Р.) & Lyubimov, I.L. (Любимов, И.Л.) & Nesterova, K.V. (Нестерова, К.В.), 2016. "Inequality and Economic Growth: An Empirical Evaluation of Foreign Countries and Russia [Неравенство И Экономический Рост: Эмпирические Оценки Для Зарубежных Стран И России]," Working Papers 2043, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:2043
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    income inequality; credit market; economic growth;
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