TY - JOUR
T1 - The Compatibility of Growth and Increased Equality
T2 - Korea
AU - Leightner, Jonathan Edward
PY - 1992/10/1
Y1 - 1992/10/1
N2 - 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.
AB - 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.
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U2 - 10.1080/00220389208422261
DO - 10.1080/00220389208422261
M3 - Article
AN - SCOPUS:0027061019
SN - 0022-0388
VL - 29
SP - 49
EP - 71
JO - The Journal of Development Studies
JF - The Journal of Development Studies
IS - 1
ER -