UTICAJ DOHODOVNE NEJEDNAKOSTI NA PRIVREDNI RAST MALIH EKONOMIJA – SLUČAJ BOSNE I HERCEGOVINE I SRBIJE
IMPACT OF INCOME INEQUALITY ON THE ECONOMIC GROWTH OF SMALL ECONOMICS – THE CASE OF BOSNIA AND HERZEGOVINA AND SERBIA

Author(s): Elvis Mujkić, Jovana Kuridža
Subject(s): National Economy, Economic history, Economic development, Transformation Period (1990 - 2010), Present Times (2010 - today)
Published by: Finrar d.o.o Banja Luka
Keywords: small economies; economic growth; income inequality;
Summary/Abstract: Income inequality and its impact on the country's economic growth is a frequent and current research question in modern business conditions. The fact that every year the World Inequality Base publishes a report on global inequality in different segments, including the segment of income inequality, speaks of its topicality. This paper tries to give an answer to the question of what is the relationship between income inequality and economic growth in small economies, using the example of Bosnia and Herzegovina and Serbia. The hypothesis on which the paper is based is that with the reduction of income inequality comes an increase in economic growth in small economies. The time span of the research is the period of 2000 - 2021. Applying regression analysis, it was found that with the increase in income inequality, economic growth in the analyzed countries decreases and vice versa.

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