收入不均与经济增长的关系

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1、Paneldataanalysis:IncomeinequalityandEconomicgrowthincreditcontrolBy1459823UniversityofWarwick9thSep2015Supervisor:Prof.OmerMoavWordcount:810032DeclarationIherebyconfirmthatthepresentpaperismyownworkandthatifanytextpassagesordiagramsfrombooks,papers,theWeborothersourceshavebeencop

2、iedorinanyotherwayused,allreferences–includingthosefoundinelectronicmedia–havebeenacknowledgedandfullycited.TanXin9thSep201532AcknowledgementsIwouldliketothankProfessorOmerMoavforprovidingcoreliteraturesandthoughtfulcomments.Allerrorsremainmine.32AbstractOppositesignofcorrelationb

3、etweeninequalityandgrowthhavebeenreportedindifferentresearchesanddataset.Thisresearchusespaneltechniqueinvestigatingthecorrelationbyincorporatingmaturitylevelofcreditmarket.Theresultoftheresearchindicatethatcountry-specificeffectpositivelycorrelatewithbothinequalityandgrowth,Advan

4、cedcreditmarkethelpalleviatelossingrowthduetoinequality,which,coincidewithpreviousliterature.32ContentsDeclarationiAcknowledgementsiiAbstractiii1.Introduction11.1Negativecorrelationbetweenincomeinequalityandeconomicgrowth11.2.Non-monotonicrelationshipbetweenincomeinequalityandecon

5、omicgrowth22.Literaturereview32.1.Inequalityandthefinancialmarket32.2.Humancapitalandcreditconstraints32.3.Physicalcapitalandcreditconstraints32.4.Choicebetweenlessincomeinequalityandgreatereconomicgrowth43.Thetheoreticalmodel53.1.Structureoftheeconomy53.2.Theoverlappinggeneration

6、system63.3.Thedefinitionofthesecondbesteconomy123.4.Thedefinitionoffirstbesteconomyandcreditfriction124.Methodology174.1.Datasetandbasicmodel174.2.Thecontrolforconditionalconvergenceandcountry-specificeffect174.3.Theroleofcreditcontrol194.4.ArellanoandBondestimation205.Estimationr

7、esultsandAnalysis…………………………..226.ConcludingRemarks287.References………………………………………………………………………………………………………………………………….298.Appendix…………………………………………………………………………………………………...………………………………………………………………………………………………………………3132TablesandFiguresDiagram19Diagram211Diagram311Table122Table225Table326

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