CROSS-SECTION DATA ANALYSIS OF THE EFFECTS OF INEQUALITY ON ECONOMIC DEVELOPMENT IN DEVELOPING COUNTRIES
CROSS-SECTION DATA ANALYSIS OF THE EFFECTS OF INEQUALITY ON ECONOMIC DEVELOPMENT IN DEVELOPING COUNTRIES
Author(s): Ensar Šehić, Mirza HuskićSubject(s): National Economy, Economic history, Economic policy, Developing nations, Evaluation research, Economic development, Transformation Period (1990 - 2010), Socio-Economic Research
Published by: Ekonomski fakultet u Sarajevu
Keywords: income inequality; land inequality; Gini coefficient; economic development; Human Development Index (HDI);
Summary/Abstract: In this paper we examine the impact of inequality in distribution of income and land on economic development of developing countries. By analysis of the cross-section data we found a statistically significant negative relationship between higher initial inequality and economic development during the period 1990-2010 in our sample of 106 developing countries. Such a result we got for the model in which we used Gini coefficients for the distribution of income and land as indicators of inequality of income and wealth, and growth rates of Human Development Index (HDI) as an indicator of the development.
Journal: Zbornik radova - Sarajevo Business and Economics Review (SBER)
- Issue Year: 2015
- Issue No: 34
- Page Range: 73-92
- Page Count: 20
- Language: English
