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Journals / Uşak Üniversitesi Sosyal Bilimler Dergisi / 2021 / Cilt: 14 Sayı: 2

INCOME INEQUALITY AND ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS OF OECD COUNTRIES (2005-2018)

Durim Selmonaj(University “Haxhi Zeka)0000-0003-3183-7455
Fisnik Morina(Haxhi Zeka University)0000-0003-1071-0439
Ercan Özen(USAK UNIVERSITY)0000-0002-7774-5153
Simon Grıma(University of Malta)0000-0003-1523-5120
Pages
80–95
Publication Date
2021-12-31
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Based on empirical results we can conclude that income inequality, poverty rate and unemployment have significant effects on the economic growth of a country.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The aim of this paper is to explore how income inequality affects economic growth and to determine the other effects of income inequality.
📊
Key Findings & Data:We used secondary data provided from the reports of the central banks of the OECD member countries and then subject them to trend analysis and 4 analysis methods, specifically; fixed effect regression method, random effect, Hausman-Taylor estimation and Arellano-Bond estimation.
💡
Conclusion & Impact:Based on empirical results we can conclude that income inequality, poverty rate and unemployment have significant effects on the economic growth of a country.
🔬Design:Araştırma Makalesi
📍Scope:Comprehensive Sample
⚙️Variables:Income inequality · Economic growth · unemployment

Özet

The aim of this paper is to explore how income inequality affects economic growth and to determine the other effects of income inequality. We used secondary data provided from the reports of the central banks of the OECD member countries and then subject them to trend analysis and 4 analysis methods, specifically; fixed effect regression method, random effect, Hausman-Taylor estimation and Arellano-Bond estimation. Based on empirical results we can conclude that income inequality, poverty rate and unemployment have significant effects on the economic growth of a country.

🔖

Cite This Article

Selmonaj, D., Morina, F., Özen, E., Grıma, S. (2021). INCOME INEQUALITY AND ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS OF OECD COUNTRIES (2005-2018). Uşak Üniversitesi Sosyal Bilimler Dergisi, Cilt: 14 Sayı: 2, 80–95. https://ajindex.com/articles/1574121

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