Joint determinants of fiscal policy, income inequality and economic growth

Muinelo-Gallo, Leonel - Roca-Sagalés, Oriol

Resumen:

This paper analyses the relationship between income inequality and economic growth through fiscal policy. To this end, we present and estimate two systems of structural equations with error components through which gross income inequality determines different fiscal policy outcomes, which subsequently affects the evolution of economic growth and net income inequality. The empirical results, obtained using an unbalanced panel data of 21 high-income OCDE countries during the period 1972-2006, suggest that gross income inequality is a significant determinant of fiscal policy outcomes. Additionally, the results show that distributive expenditures and direct taxes produce significant reductions in GDP growth and net income inequality reflecting the standard efficiency-equity trade-off associated to certain fiscal policy measures.


Detalles Bibliográficos
2012
CRECIMIENTO ECONOMICO
POLITICA FISCAL
DESIGUALDAD ECONOMICA
Inglés
Universidad de la República
COLIBRI
http://hdl.handle.net/20.500.12008/4220
Acceso abierto
Licencia Creative Commons Atribución – No Comercial – Sin Derivadas (CC - By-NC-ND)
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author Muinelo-Gallo, Leonel
author2 Roca-Sagalés, Oriol
author2_role author
author_facet Muinelo-Gallo, Leonel
Roca-Sagalés, Oriol
author_role author
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dc.coverage.spatial.es.fl_str_mv URUGUAY
dc.creator.none.fl_str_mv Muinelo-Gallo, Leonel
Roca-Sagalés, Oriol
dc.date.accessioned.none.fl_str_mv 2015-03-02T17:43:31Z
dc.date.available.none.fl_str_mv 2015-03-02T17:43:31Z
dc.date.issued.es.fl_str_mv 2012
dc.date.submitted.es.fl_str_mv 20150225
dc.description.abstract.none.fl_txt_mv This paper analyses the relationship between income inequality and economic growth through fiscal policy. To this end, we present and estimate two systems of structural equations with error components through which gross income inequality determines different fiscal policy outcomes, which subsequently affects the evolution of economic growth and net income inequality. The empirical results, obtained using an unbalanced panel data of 21 high-income OCDE countries during the period 1972-2006, suggest that gross income inequality is a significant determinant of fiscal policy outcomes. Additionally, the results show that distributive expenditures and direct taxes produce significant reductions in GDP growth and net income inequality reflecting the standard efficiency-equity trade-off associated to certain fiscal policy measures.
dc.identifier.citation.es.fl_str_mv MUINELO-GALLO, L., ROCA-SAGALÉS, O. "Joint determinants of fiscal policy, income inequality and economic growth". Serie Documentos de Trabajo / FCEA-IE; DT04/12. UR.FCEA-IE, 2012.
dc.identifier.issn.es.fl_str_mv 1510-9305
1688-5090
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/20.500.12008/4220
dc.language.iso.none.fl_str_mv eng
dc.publisher.es.fl_str_mv UR.FCEA-IE
dc.relation.ispartof.es.fl_str_mv Serie Documentos de Trabajo / FCEA-IE; DT04/12
dc.rights.license.none.fl_str_mv Licencia Creative Commons Atribución – No Comercial – Sin Derivadas (CC - By-NC-ND)
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
dc.source.none.fl_str_mv reponame:COLIBRI
instname:Universidad de la República
instacron:Universidad de la República
dc.subject.es.fl_str_mv CRECIMIENTO ECONOMICO
POLITICA FISCAL
DESIGUALDAD ECONOMICA
dc.title.none.fl_str_mv Joint determinants of fiscal policy, income inequality and economic growth
dc.type.es.fl_str_mv Documento de trabajo
dc.type.none.fl_str_mv info:eu-repo/semantics/workingPaper
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description This paper analyses the relationship between income inequality and economic growth through fiscal policy. To this end, we present and estimate two systems of structural equations with error components through which gross income inequality determines different fiscal policy outcomes, which subsequently affects the evolution of economic growth and net income inequality. The empirical results, obtained using an unbalanced panel data of 21 high-income OCDE countries during the period 1972-2006, suggest that gross income inequality is a significant determinant of fiscal policy outcomes. Additionally, the results show that distributive expenditures and direct taxes produce significant reductions in GDP growth and net income inequality reflecting the standard efficiency-equity trade-off associated to certain fiscal policy measures.
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identifier_str_mv MUINELO-GALLO, L., ROCA-SAGALÉS, O. "Joint determinants of fiscal policy, income inequality and economic growth". Serie Documentos de Trabajo / FCEA-IE; DT04/12. UR.FCEA-IE, 2012.
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publishDate 2012
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repository.mail.fl_str_mv mabel.seroubian@seciu.edu.uy
repository.name.fl_str_mv COLIBRI - Universidad de la República
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rights_invalid_str_mv Licencia Creative Commons Atribución – No Comercial – Sin Derivadas (CC - By-NC-ND)
spelling URUGUAY2015-03-02T17:43:31Z2015-03-02T17:43:31Z201220150225MUINELO-GALLO, L., ROCA-SAGALÉS, O. "Joint determinants of fiscal policy, income inequality and economic growth". Serie Documentos de Trabajo / FCEA-IE; DT04/12. UR.FCEA-IE, 2012.1510-93051688-5090http://hdl.handle.net/20.500.12008/4220This paper analyses the relationship between income inequality and economic growth through fiscal policy. To this end, we present and estimate two systems of structural equations with error components through which gross income inequality determines different fiscal policy outcomes, which subsequently affects the evolution of economic growth and net income inequality. The empirical results, obtained using an unbalanced panel data of 21 high-income OCDE countries during the period 1972-2006, suggest that gross income inequality is a significant determinant of fiscal policy outcomes. Additionally, the results show that distributive expenditures and direct taxes produce significant reductions in GDP growth and net income inequality reflecting the standard efficiency-equity trade-off associated to certain fiscal policy measures.Made available in DSpace on 2015-03-02T17:43:31Z (GMT). No. of bitstreams: 5 license.txt: 4244 bytes, checksum: 528b6a3c8c7d0c6e28129d576e989607 (MD5) license_text: 21936 bytes, checksum: 9833653f73f7853880c94a6fead477b1 (MD5) license_url: 49 bytes, checksum: 4afdbb8c545fd630ea7db775da747b2f (MD5) license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) dt-04-12.pdf: 199895 bytes, checksum: 9b4f78f58c90e60d3325a5db9874dfaa (MD5) Previous issue date: 2012engUR.FCEA-IESerie Documentos de Trabajo / FCEA-IE; DT04/12Las obras depositadas en el Repositorio se rigen por la Ordenanza de los Derechos de la Propiedad Intelectual de la Universidad De La República. (Res. Nº 91 de C.D.C. de 8/III/1994 – D.O. 7/IV/1994) y por la Ordenanza del Repositorio Abierto de la Universidad de la República (Res. 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- Universidad de la Repúblicafalse
spellingShingle Joint determinants of fiscal policy, income inequality and economic growth
Muinelo-Gallo, Leonel
CRECIMIENTO ECONOMICO
POLITICA FISCAL
DESIGUALDAD ECONOMICA
status_str publishedVersion
title Joint determinants of fiscal policy, income inequality and economic growth
title_full Joint determinants of fiscal policy, income inequality and economic growth
title_fullStr Joint determinants of fiscal policy, income inequality and economic growth
title_full_unstemmed Joint determinants of fiscal policy, income inequality and economic growth
title_short Joint determinants of fiscal policy, income inequality and economic growth
title_sort Joint determinants of fiscal policy, income inequality and economic growth
topic CRECIMIENTO ECONOMICO
POLITICA FISCAL
DESIGUALDAD ECONOMICA
url http://hdl.handle.net/20.500.12008/4220