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A Survey on Growth and Inequality: Does Improved Inequality Data Have Anything to Say?

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  • Arief Anshory Yusuf

    () (Department of Economics, Padjadjaran University)

Abstract

Theories on the relationship between inequality and economic growth can be divided into two strands of paradigm, i.e. those which predict tradeoff between growth and equity, and those which predict no tradeoff. The consensus of empirical literature in 1980s until mid 1990s suggest there need be no conflict between fast growth and distribution. Empirical works in that era, however, were subject to criticism over the reliability of inequality data. The availability and accessibility of more improved income inequality data after the publication of Deininger and Squire’s (1996) had motivated more empirical works on the relationship between growth and inequality and had also made possible the use of relatively advanced econometric methods. Recent empirical literature following this publication of new dataset, however, do not provide strong support for whether growth and inequality are negatively or positively associated. It mainly suggest no overall relation between growth and inequality. There is little indication, however, that in the context of developing countries, the tradeoff may be resolved.

Suggested Citation

  • Arief Anshory Yusuf, 2005. "A Survey on Growth and Inequality: Does Improved Inequality Data Have Anything to Say?," Working Papers in Economics and Development Studies (WoPEDS) 200501, Department of Economics, Padjadjaran University, revised Oct 2005.
  • Handle: RePEc:unp:wpaper:200501
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    File URL: http://ceds.feb.unpad.ac.id/wopeds/200501.pdf
    File Function: First version, 2005
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    References listed on IDEAS

    as
    1. Deininger, Klaus & Squire, Lyn, 1998. "New ways of looking at old issues: inequality and growth," Journal of Development Economics, Elsevier, vol. 57(2), pages 259-287.
    2. Mattias Lundberg & Lyn Squire, 2003. "The simultaneous evolution of growth and inequality," Economic Journal, Royal Economic Society, vol. 113(487), pages 326-344, April.
    3. Oded Galor & Joseph Zeira, 1993. "Income Distribution and Macroeconomics," Review of Economic Studies, Oxford University Press, vol. 60(1), pages 35-52.
    4. Bleaney, Michael & Nishiyama, Akira, 2004. "Income inequality and growth--does the relationship vary with the income level?," Economics Letters, Elsevier, vol. 84(3), pages 349-355, September.
    5. Anand, Sudhir & Kanbur, S. M. R., 1993. "Inequality and development A critique," Journal of Development Economics, Elsevier, vol. 41(1), pages 19-43, June.
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    Cited by:

    1. Yang, Yiwen & Greaney, Theresa M., 2017. "Economic growth and income inequality in the Asia-Pacific region: A comparative study of China, Japan, South Korea, and the United States," Journal of Asian Economics, Elsevier, vol. 48(C), pages 6-22.

    More about this item

    Keywords

    growth; inequality;

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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