Volume 15, Issue 3 (Summer 2020)
J. Mon. Ec. 2020, 15(3): 313-342 |
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Hajamini M. Analyzing the Causal Relationships between Economic Growth, Income Inequality, and Transmission Channels: New Empirical Evidences from Iran. J. Mon. Ec. 2020; 15 (3) :313-342
URL: http://jme.mbri.ac.ir/article-1-496-en.html
URL: http://jme.mbri.ac.ir/article-1-496-en.html
Department of Economics, Yazd University
Abstract: (1308 Views)
This paper investigates causal relations between economic growth, income inequality, and transmission channels during the period 1972 to 2016. These channels include saving rate, investment rate, redistribution policies, human capital, and conspicuous consumption. There is no strong evidence that supports uni-directional or bi-directional causality. In addition, some of the transmission channels lead to improvement of economic growth and equality simultaneously. It concludes that the rapid economic growth and the income inequality alleviation are not necessary conflicting objectives. Hence, strategy of “Redistribution with growth” is a more effective and perhaps politically more acceptable approach than “growth before redistribution” or “redistribution before growth” strategies.
Type of Study: Original Research - Theoric |
Subject:
Development Economics
Received: 24 Apr 2020 | Accepted: 29 Jan 2021 | Published: 4 May 2021
Received: 24 Apr 2020 | Accepted: 29 Jan 2021 | Published: 4 May 2021
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