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Inequality and convergence clubs: results from a threshold regression model
[Inégalités et clubs de convergence : les résultats d'un modèle à seuil]

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  • Karim Azizi

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper deals with the effect of inequality on subsequent long run growth. Using a threshold regression analysis, we find two threshold variables, namely human capital and inequality. Three clubs are then identified. One of our results is that the estimated relationship exhibits multiple equilibria. Such a result gives a more subtle representation than simple relationships, either negative or positive, between inequality and growth.

Suggested Citation

  • Karim Azizi, 2007. "Inequality and convergence clubs: results from a threshold regression model [Inégalités et clubs de convergence : les résultats d'un modèle à seuil]," Post-Print halshs-00180955, HAL.
    • Handle: RePEc:hal:journl:halshs-00180955
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00180955
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    References listed on IDEAS

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    Keywords

    Inequality; convergence clubs; threshold model; Inégalités; clubs de convergence; modèle à seuil;
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