Size matters: Measuring the effects of inequality and growth shocks

IF 5.5 1区经济学 Q1 ECONOMICS

中国经济评论 Pub Date : 2025-05-29 DOI:10.1016/j.chieco.2025.102429

Sanghamitra Bandyopadhyay , Rui Sun

引用次数: 0

Abstract

Understanding the relationship between income inequality and economic growth is of utmost importance to social scientists, but the empirical evidence is inconclusive. We use a Bayesian structural vector autoregression approach to estimate the relationship between inequality and growth for two large economies, China and the USA, from 1978 to 2018. We find that a growth shock is inequality-increasing, and an inequality shock is growth-reducing. However, the size of the effects of these shocks is extremely small, accounting for under 2% of the variance for both countries, suggesting other important socio-economic determinants of growth and inequality.

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规模很重要：衡量不平等和增长冲击的影响

理解收入不平等与经济增长之间的关系对社会科学家来说至关重要，但经验证据尚无定论。我们使用贝叶斯结构向量自回归方法来估计1978年至2018年中国和美国这两个大型经济体的不平等与增长之间的关系。我们发现，增长冲击会加剧不平等，而不平等冲击会减少增长。然而，这些冲击的影响规模非常小，占两国差异的2%以下，这表明增长和不平等的其他重要社会经济决定因素。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

中国经济评论 ECONOMICS-

CiteScore

10.60

自引率

4.40%

发文量

380

期刊介绍： The China Economic Review publishes original works of scholarship which add to the knowledge of the economy of China and to economies as a discipline. We seek, in particular, papers dealing with policy, performance and institutional change. Empirical papers normally use a formal model, a data set, and standard statistical techniques. Submissions are subjected to double-blind peer review.