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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/00216208:11640/15:00455388

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

<a href="/cs/project/GA15-24642S" target="_blank" >GA15-24642S: Dopady globalizace a zahraničních investic na inovace a efektivitu domácích firem</a><br>

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název periodika

Journal of Comparative Economics

ISSN

0147-5967

e-ISSN

—

Svazek periodika

43

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

26

Strana od-do

505-530

Kód UT WoS článku

000364264400001

EID výsledku v databázi Scopus

2-s2.0-84944441977