2023-09-28 14:46:10 +00:00
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abstract: 'Relationship between income inequality and economic growth is ambiguous
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one but most mainstream economists view real income increase as a drag
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of economic growth as it leads to higher labor cost, lower
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competitiveness and reduction of employment. In this study we provide an
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alternative view and show that labor income increase may have also
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positive effect on growth. Which of these two effects dominates in a
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particular country depends on institutional and legal environment of
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that country, its macroeconomic conditions and also its economic
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policies. We test empirically two distinct economies - a small, very
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open economy of Slovakia and a large, closed economy of the Euro area.
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We find that in equilibrium, both economies are wage-led on average in
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the period 1993 - 2017 and hence it appears to be beneficial to pursue
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policies that would reduce income inequality.'
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affiliation: 'Zeman, J (Corresponding Author), Natl Bank Slovakia, Imricha Karvasa
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1, Bratislava 81305, Slovakia.
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Zeman, Juraj, Natl Bank Slovakia, Imricha Karvasa 1, Bratislava 81305, Slovakia.'
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author: Zeman, Juraj
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author-email: juraj.zeman@nbs.sk
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author_list:
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- family: Zeman
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given: Juraj
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da: '2023-09-28'
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files: []
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issn: 0013-3035
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journal: EKONOMICKY CASOPIS
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keywords: inequality; wage led growth; profit led growth; Slovakia
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keywords-plus: DEMAND
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language: English
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number: '5'
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number-of-cited-references: '15'
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pages: 459-480
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papis_id: 32e1b9f5aa63f7fc5655e6c40b8d5399
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ref: Zeman2019incomedistribution
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times-cited: '0'
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title: 'Income Distribution and Economic Growth: Empirical Results for Slovakia'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000473587600001
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usage-count-last-180-days: '0'
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usage-count-since-2013: '2'
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volume: '67'
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web-of-science-categories: Economics
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year: '2019'
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