소득불평등과 경제성장의 상호영향력 분석
An Empirical Analysis on the Relationship Between Income Inequality and Economic Growth
1
조회
0
다운로드
2
인용
0
참고문헌
키워드
초록
This study analyzes the relationship between income inequality and economic growth. Ginicoefficient (market income), the deciles income inequality index and per capita real GDP wereanalyzed. Furthermore, various cointegration tests were tried to improve the reliability of thetest results. From the weak exogeniety test of between per capita real GDP and the Ginicoefficient (market income), per capita real GDP has a weak exogeneity while the Ginicoefficient is endogenous. From the various cointegration tests, we found out that there is acointegration between Gini coefficient and per capita real GDP. Moreover, it is estimated thatper capita real GDP has a positive effect on the Gini coefficient (market income). In the VARGranger causal analysis, per capita real GDP affects the Gini coefficient (market income), butit is difficult to say that the Gini coefficient (market income) always has an effect on percapita real GDP. Also, the impulse-response function of the VAR model shows that per capitareal GDP temporarily reduces the Gini coefficient (market income), and then increases it overtime. Accordingly, it is necessary for the policies to improve not only the distribution structurebut also income distribution through economic growth.
Abstract
This study analyzes the relationship between income inequality and economic growth. Ginicoefficient (market income), the deciles income inequality index and per capita real GDP wereanalyzed. Furthermore, various cointegration tests were tried to improve the reliability of thetest results. From the weak exogeniety test of between per capita real GDP and the Ginicoefficient (market income), per capita real GDP has a weak exogeneity while the Ginicoefficient is endogenous. From the various cointegration tests, we found out that there is acointegration between Gini coefficient and per capita real GDP. Moreover, it is estimated thatper capita real GDP has a positive effect on the Gini coefficient (market income). In the VARGranger causal analysis, per capita real GDP affects the Gini coefficient (market income), butit is difficult to say that the Gini coefficient (market income) always has an effect on percapita real GDP. Also, the impulse-response function of the VAR model shows that per capitareal GDP temporarily reduces the Gini coefficient (market income), and then increases it overtime. Accordingly, it is necessary for the policies to improve not only the distribution structurebut also income distribution through economic growth.
참고문헌 (14)
- Herzer, Dierk, "Inequality and Growth : Evidence from Panel Cointegration", Journal of Economic Inequality, 10, pp.489~503 (2012)
- Jong-Ho Ban, "The Income Inequality and Effects of Redistribution Policy in Korea", Monthly labor Review, pp.62~75 (2013)
- Kang, Shin-Wook, "Changes in the Industrial Structure and Income Inequality", Health and Social Welfare Forum, pp.44~57 (2014)
- 윤종인, "국제비교를 통한 한미 주식시장 동조화의평가", 금융연구, 21(1), pp.55~92 (2007), 한국금융연구원
- Kim, Yeon-Hee, "A Study on the Determinants of Income Inequality in Korea, Korean Journal of Policy Analysis and Evaluation", Journal of Money and Finance, 20(1), pp.245~274 (2010)
- 박경돈, "소득불평등의 경제성장에 대한 영향력 : 메타회귀분석을 이용하여", 지방정부연구, 16(2), pp.247~268 (2012), 한국지방정부학회
- 박상우, "소득불평등 추이와 요인분해", 경제연구, 31(3), pp.77~100 (2013), 한국경제통상학회
- W. Adrián Risso, "Economic growth and income distribution in Mexico: A cointegration exercise", Economic Modelling, 35, pp.708~714 (2013), Elsevier BV[DOI]
- Shin, In-Yong, "Income Inequality and Economic Growth", Economic Modelling, 29, pp.2049~2057 (2012)[DOI]
- 신관호, "소득불평등 결정요인 분석", 계량경제학보, 24(2), pp.125~162 (2013), 한국계량경제학회
- 신관호, "소득불평등이 경제성장에 미치는 효과", 한국경제의 분석, 20(1), pp.107~164 (2014), 한국경제의 분석패널
- 원승연, "가계의 금융부채가 소득불평등에 미치는 영향", 한국사회정책, 22(3), pp.41~72 (2015), 한국사회정책학회
- Stephen J. Turnovsky, "Economic growth and inequality: The role of public investment", Journal of Economic Dynamics and Control, 61, pp.204~221 (2015), Elsevier BV[DOI]
- Yiwen Yang, "Economic growth and income inequality in the Asia-Pacific region: A comparative study of China, Japan, South Korea, and the United States", Journal of Asian Economics, 48, pp.6~22 (2017), Elsevier BV[DOI]