Does wealth inequality matter for growth? The effect of billionaire wealth, income distribution, and poverty

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F15%3A00449389" target="_blank" >RIV/67985998:_____/15:00449389 - isvavai.cz</a>

Alternative codes found

RIV/00216208:11640/15:00455388

Result on the web

<a href="http://dx.doi.org/10.1016/j.jce.2015.04.002" target="_blank" >http://dx.doi.org/10.1016/j.jce.2015.04.002</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jce.2015.04.002" target="_blank" >10.1016/j.jce.2015.04.002</a>

Result language

angličtina

Original language name

Does wealth inequality matter for growth? The effect of billionaire wealth, income distribution, and poverty

Original language description

A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbesmagazine?s listing of billionaires and compare its effect on growth to the effects of income inequality and poverty. Our results suggest that wealth inequality has a negative relationship with economic growth, but when we control for the fact that some billionaires acquired wealth through political connections, the relationship between politically connected wealth inequality and economic growth is negative, while politically unconnected wealth inequality, income inequality, and initial poverty have no significant relationship.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/GA15-24642S" target="_blank" >GA15-24642S: Effects of globalization and foreign direct investment on innovations and efficiency of domestic firms</a><br>

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2015

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Comparative Economics

ISSN

0147-5967

e-ISSN

—

Volume of the periodical

43

Issue of the periodical within the volume

3

Country of publishing house

US - UNITED STATES

Number of pages

26

Pages from-to

505-530

UT code for WoS article

000364264400001

EID of the result in the Scopus database

2-s2.0-84944441977