文章基本信息

标题：Inequality and Unsustainable Growth:Two Sides of the Same Coin?
其他标题：Неравенство и неустойчивый рост:две стороны одной медали
本地全文：下载
作者：A. Berg ; J.D. Ostry
期刊名称：International Organisations Research Journal
印刷版ISSN：1996-7845
出版年度：2013
卷号：8
期号：4
页码：77-99
语种：English
出版社：National Research University Higher School of Economics
摘要：The relationship between income inequality and economic growth is complex. Some inequality is integral to the effective functioning of a market economy and the incentives needed for investment and growth. But inequality can also be destructive to growth,for example,by amplifying the risk of crisis or making it difficult for the poor to invest in education. The evidence has also been mixed:some find that average growth over long periods of time is higher with more initial equality;others find that an increase in equality today tends to lower growth in the near term. The authors find that longer growth spells are robustly associated with more equality in the income distribution. For example,closing,say,half the inequality gap between Latin America and emerging Asia would,according to our central estimates,more than double the expected duration of a growth spell. Inequality typically changes only slowly,but a number of countries in our sample have experienced improvements in income distribution of this magnitude in the course of a growth spell. Inequality still matters,moreover,even when other determinants of growth duration – external shocks,initial income,institutional quality,openness to trade,and macroeconomic stability – are taken into account. A key implication of these results is that it is difficult to separate analyses of growth and income distribution. The immediate role for policy,however,is less clear. The analysis does perhaps tilt the balance towards the notion that attention to inequality can bring significant longer-run benefits for growth. Over longer horizons,reduced inequality and sustained growth may thus be two sides of the same coin.
其他摘要：В данном материале представлен анализ связей между неравенством доходов и экономическим ростом. Связь между неравенством доходов и экономическим ростом носит комплексный характер. Некоторые аспекты неравенства являются неотъемлемыми элементами эффективног
关键词：income distribution;sustainable growth;inequality;economic growth
其他关键词：распределение доходов;устойчивый рост;неравенство;экономический рост