Long-run relationship between inequality and growth in post-reform China : New evidence from dynamic panel model
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 238-252 |
| Journal / Publication | International Review of Economics and Finance |
| Volume | 41 |
| Online published | 1 Sept 2015 |
| Publication status | Published - Jan 2016 |
Link(s)
Abstract
In this paper, we employ a panel of 27 Chinese provinces from 1984 to 2012 to estimate an autoregressive distributive lag model and find that there exists a robust positive long-run relationship between income inequality and growth in post-reform China. In addition, our estimation results indicate that physical capital investment, especially private capital investment, is a principal driver of the long-run growth in China, whereas the roles of human capital and public capital investment are largely ambiguous and insignificant. We also discuss the implications from comparing our estimation results with those obtained in another study using U.S. data.
Research Area(s)
- Chinese economy, Economic growth, Income inequality, Panel data
Citation Format(s)
Long-run relationship between inequality and growth in post-reform China: New evidence from dynamic panel model. / Li, Tingting; Lai, Jennifer T.; Wang, Yong et al.
In: International Review of Economics and Finance, Vol. 41, 01.2016, p. 238-252.
In: International Review of Economics and Finance, Vol. 41, 01.2016, p. 238-252.
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
