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Published Paper Details:
"INCOME INEQUALITY AND ECONOMIC GROWTH: A COMPARATIVE ANALYSIS OF DEVELOPED AND DEVELOPING COUNTRIES"
Authors
Dr. Mukta Dangwal,Vishwanath Dang
Downlaod Center
Keywords
KEYWORDS: INCOME INEQUALITY, ECONOMIC GROWTH, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, COMPARATIVE ANALYSIS, WORLD BANK
Abstract
Income inequality is a growing concern in many countries, both developed and developing. This paper examines the
relationship between income inequality and economic growth, and explores whether the relationship differs between
developed and developing countries. To do so, we analyze data from a sample of 20 countries, ten of which are
developed and ten of which are developing, over a period of 20 years (2000-2020).
We find that income inequality has a negative effect on economic growth in both developed and developing
countries. However, the magnitude of this effect is greater in developing countries than in developed countries. In
other words, the negative impact of income inequality on economic growth is more severe in countries with lower
levels of economic development.
Our analysis also suggests that the relationship between income inequality and economic growth is not linear.
Specifically, we find that when income inequality exceeds a certain threshold, the negative impact on economic
growth becomes more pronounced. This threshold is lower in developing countries than in developed countries.
These findings have important implications for policy makers in both developed and developing countries. In
particular, our results suggest that reducing income inequality should be a priority for countries seeking to promote
economic growth, particularly in developing countries. Additionally, our findings highlight the need to carefully
consider the level of income inequality when designing economic policies, and to take into account the potential
nonlinear effects of income inequality on economic growth
IJCRT's Publication Details
Unique Identification Number - IJCRT2304247
Paper ID - 234115
Author type - Indian Author
Page Number(s) - c100-c104
Pubished in - Volume 11 | Issue 4 | April 2023
DOI (Digital Object Identifier) -
No Of Downloads - 130
Author Country - India, 248198, Vikasnagar, Vikasnagar, 248198, Commerce All
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Published Paper PDF : - http://www.ijcrt.org/papers/IJCRT2304247
Published Paper URL: : - http://ijcrt.org/viewfull.php?&p_id=IJCRT2304247
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Dr. Mukta Dangwal,Vishwanath Dang, ""INCOME INEQUALITY AND ECONOMIC GROWTH: A COMPARATIVE ANALYSIS OF DEVELOPED AND DEVELOPING COUNTRIES"", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.11, Issue 4, pp.c100-c104, April 2023, Available at :http://www.ijcrt.org/papers/IJCRT2304247.pdf
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