The Compatibility of Growth and Increased Equality: Korea

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Abstract

If greater inequality results in greater saving which leads to greater investment and growth, then government policies which increase inequality promote growth; this is called the antiequality argument. If, however, greater equality produces more consumption which drives investment and growth, then increasing equality produces growth; this is the pro-equality argument. This essay tests the assumptions behind the anti- and pro-equality arguments. These assumptions are tested using a Two Stage Least Squares procedure on household and corporate data for Korea between 1963 and 1980.

Original languageEnglish (US)
Pages (from-to)49-71
Number of pages23
JournalThe Journal of Development Studies
Volume29
Issue number1
DOIs
Publication statusPublished - Oct 1 1992
Externally publishedYes

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ASJC Scopus subject areas

  • Development

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