Income Inequality and Economic Growth: A Meta-Analysis
|Autor:||Mgr. Alexandra Posvyanskaya|
|Rok:||2018 - letní|
|Vedoucí:|| doc. PhDr. Zuzana Havránková Ph.D.
|Typ práce:|| CSF - Corporate Strategy and Finance
|Abstrakt:||The impact of inequality on economic growth has become a topic of broad and current interest. Multiple researches investigated the issue but the disparity of opinions and empirical results is huge. The present thesis revises the pri- mary literature through a meta-analytical approach applying Bayesian Model Averaging (BMA) estimation technique. We examine 562 estimates collected from 58 studies published between 1991 and 2015. I ﬁnd the evidence of the publication bias presence in the literature. The authors of primary studies tend to report preferentially negative and signiﬁcant estimates. The BMA results suggest that the eﬀect of inequality on growth is not straightforward and is likely not linear. A single pattern for inequality/growth relationship is not fea- sible since the results vary across used income inequality measures, estimation methods and data structure and quality. JEL Classiﬁcation D31, O10, C11, C82 Keywords meta-analysis, inequality, economic growth, Bayesian model averaging, publication bias Author’s e-mail firstname.lastname@example.org Supervisor’s e-mail email@example.com|