Interrelation among economic growth, income inequality, and fiscal performance
The interrelation among economic growth, income inequality, and fiscal performance is very complex. The objective of this paper is to analyze the dynamic interrelations among these variables using structural VAR models and to examine transmission channels among them. The empirical analysis is implem...
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2016 |
| País: | España |
| Institución: | Universitat Autònoma de Barcelona |
| Repositorio: | Dipòsit Digital de Documents de la UAB |
| Idioma: | inglés |
| OAI Identifier: | oai:ddd.uab.cat:305197 |
| Acceso en línea: | https://ddd.uab.cat/record/305197 https://dx.doi.org/urn:doi:10.7866/HPE-RPE.16.2.2 |
| Access Level: | acceso abierto |
| Palabra clave: | Economic growth Fiscal performance Income inequality VAR SDG 8 - Decent Work and Economic Growth SDG 10 - Reduced Inequalities |
| Sumario: | The interrelation among economic growth, income inequality, and fiscal performance is very complex. The objective of this paper is to analyze the dynamic interrelations among these variables using structural VAR models and to examine transmission channels among them. The empirical analysis is implemented for the UK, the USA, and Canada, using the longest possible consistently measured comparable data on income inequality. The obtained results show that inequality has a negative effect on growth in the case of the UK while the effect is positive for the USA and Canada. An increase in inequality worsens fiscal performance for all the considered countries. |
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