ECONOMIC FREEDOM AND INCOME INEQUALITY REVISITED: EVIDENCE FROM A PANEL ERROR CORRECTION MODEL.
We investigate the causal relationship between income inequality and economic freedom using data from U.S. states over the period 1981 to 2004 within a panel error correction model framework. The results indicate bidirectional causality between income inequality and economic freedom in both the shor...
| Publicado en: | Contemporary Economic Policy Vol. 32; no. 1; pp. 67 - 76 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
Jan2014
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=92016989&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 92016989 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10743529 CEY jtl: Contemporary Economic Policy issn: 10743529 maglogo: Y pubinfo: dt: Jan2014 vid: 32 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 92016989 10.1111/j.1465-7287.2012.00343.x ppf: 67 ppct: 9 formats: fmt: – @attributes: type: T – @attributes: type: P size: 509KB tig: atl: ECONOMIC FREEDOM AND INCOME INEQUALITY REVISITED: EVIDENCE FROM A PANEL ERROR CORRECTION MODEL. aug: au: APERGIS, NICHOLAS DINCER, OGUZHAN PAYNE, JAMES E. affil: Apergis: Chair and Professor, Department of Banking and Financial Management, University of Piraeus, Piraeus, Attiki 18534, Greece. Phone +3210‐414‐2429, Fax +3210‐414‐2341, E‐mail Dincer: Assistant Professor, Department of Economics, Illinois State University, Normal, IL 61790‐4100. Phone 309‐438‐7071, E‐mail Payne: Provost and Vice President for Academic Affairs, University of New Orleans, New Orleans, LA 70148. Phone 504‐280‐7199, Fax 504‐280‐6020, E‐mail su: United States Income inequality Economic development research United States economic policy Error correction (Information theory) United States economy sug: subj: Income inequality Economic development research United States United States economic policy Error correction (Information theory) United States economy ab: We investigate the causal relationship between income inequality and economic freedom using data from U.S. states over the period 1981 to 2004 within a panel error correction model framework. The results indicate bidirectional causality between income inequality and economic freedom in both the short and the long run. These results suggest that high income inequality may cause states to implement redistributive policies causing economic freedom to decline. As economic freedom declines, income inequality rises even more. In other words, it is quite possible for a state to get caught in a vicious circle of high income inequality and heavy redistribution. (JEL D63, H11 ) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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