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Income distribution and the economy: Evidence from the vector autoregression model

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  • Mohamad Shaaf

Abstract

Using the vector autoregression model, this research explores the impact of income concentration on GDP. The estimated results of the model and its impulse response confirm earlier studies which used different methodology or different data sets indicating that a higher concentration of income adversely affect GDP in the short run, although the effect turns positive in the long run. Copyright International Atlantic Economic Society 1998

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  • Mohamad Shaaf, 1998. "Income distribution and the economy: Evidence from the vector autoregression model," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 4(1), pages 34-47, February.
    • Handle: RePEc:kap:iaecre:v:4:y:1998:i:1:p:34-47:10.1007/bf02295234
    DOI: 10.1007/BF02295234
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    1. Ross, D. & Sabot, R. & Birdsall, N., 1995. "Inequality and Growth Reconsidered," Center for Development Economics 142, Department of Economics, Williams College.
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    4. Persson, Torsten & Tabellini, Guido, 1994. "Is Inequality Harmful for Growth?," American Economic Review, American Economic Association, vol. 84(3), pages 600-621, June.
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