Inequality and growth: evidence from panel cointegration

By D. Herzer, Sandra Jeanne Vollmer. Journal of Economic Inequality, 2011

229 citations recorded by the source corpus.

This paper uses heterogeneous panel cointegration techniques to estimate the long-run effect of income inequality on per-capita income for 46 countries over the period 1970–1995. We find that inequality has a negative long-run effect on income, both for the sample as a whole and for important sub-groups within the sample (developed countries, developing countries, democracies, and non-democracies). The effect is economically important, with a magnitude about half as high as the magnitude of an increase in the investment share.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/91cb9cb586de8711516bce02c437842321253cf6

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Peter Nunnenkamp
2. D. Herzer
3. Jorge Bermejo Carbonell
4. R. Werner

In Sociology and Political Science

1. Peter Nunnenkamp
2. D. Herzer

Citations in the corpus

• The effect of foreign aid on income inequality: Evidence from panel cointegration (2012, background): “Many of the more recent income inequality studies use the EHII Gini coefficient (Meschi and Vivarelli, 2009; Gimet and Lagoarde-Segot, 2011; Herzer and Vollmer, 2012).”