Inequality and Economic Growth: An Empirical Evaluation of Foreign Countries and Russia

Неравенство и экономический рост: эмпирические оценки для зарубежных стран и России

Maria Kazakova, Kiblitskaya, T.R. (Киблицкая, Т.Р.) (), Lyubimov, I.L. (Любимов, И.Л.) () and Kristina Nesterova
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Kiblitskaya, T.R. (Киблицкая, Т.Р.): Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Lyubimov, I.L. (Любимов, И.Л.): Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: In the middle of the XX century, the conception of the positive impact of income inequality on economic growth. Representatives of the classical approach is explained by the fact that the concentration of wealth allows you to invest in the economy, while the redistribution policy limits the possibilities for economic development. However, on the other hand, there are a number of channels through which inequality can have a negative impact on economic growth: credit market imperfections, the threat to social and political stability, limiting investment in human capital, etc. In this paper we will try to confirm or deny the existence of the relationship between economic growth and income inequality.

Keywords: income inequality; credit market; economic growth (search for similar items in EconPapers)
Pages: 97 pages
Date: 2016-04-20
New Economics Papers: this item is included in nep-cis and nep-gro
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