Article
Environmental Studies
Ugochukwu Michael Anyanwu, Amarachukwu Anthony Anyanwu, Andrzej Cieslik
Summary: Research indicates that income inequality has a negative impact on economic growth, particularly in countries with abundant natural resources. Therefore, reducing income inequality could alleviate the detrimental effects of resource abundance on economic growth.
Article
Social Sciences, Interdisciplinary
Seher Gulsah Topuz
Summary: This study examines the relationship between income inequality and economic growth for 143 countries from 1980 to 2017. The findings suggest that high inequality has a negative impact on economic growth, but this effect may vary when countries' income levels are considered. Countries with higher inequality tend to have higher fertility rates and less innovative activity, while developing countries' financial market imperfections hinder human capital investments.
SOCIAL INDICATORS RESEARCH
(2022)
Article
Green & Sustainable Science & Technology
Philip K. Adom, Mawunyo Agradi, Andrea Vezzulli
Summary: This study examines the moderating role of income inequality in the economic growth - energy efficiency nexus using panel data from 51 African countries. The findings suggest that improving energy efficiency directly triggers economic growth, but this effect is compromised in economies with high-income inequality. Therefore, reducing income inequality could be an effective channel through which energy efficiency can promote economic growth.
JOURNAL OF CLEANER PRODUCTION
(2021)
Article
Green & Sustainable Science & Technology
Ibolya Torok, Jozsef Benedek, Manuel Gomez-Zaldivar
Summary: This paper examines the economic complexity of different regions in Romania over the past decade and finds that changes in economic complexity mostly occurred in less developed areas. Furthermore, it suggests that the Economic Complexity Index (ECI) can be used as a predictor for both future economic growth and income inequality evolution.
Article
Economics
Peter Skott
Summary: This paper investigates the dynamics of Keynesian models that take into account the influence of the labor market on income distribution, investment, aggregate demand, and output. The baseline model generates endogenous growth cycles, but it is also possible for cumulative divergence and economic collapse to occur under plausible parameter values. Extensions of the model, which incorporate monetary and fiscal policy, exhibit greater robustness by generating limit cycles instead of complete collapse even when destabilizing changes are made to parameters. The inclusion of endogenous fiscal and monetary policy rules further strengthens the overall approach.
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION
(2023)
Article
Environmental Sciences
Sushil Kumar Rai, Atul Rawat
Summary: This paper examines the relationship between environmental quality and income, technological innovation, income inequality, and industrialization in the BRICS countries. The results show that technological innovation has a negative impact on environmental quality, while industrialization has a positive impact. The study also confirms the existence of the environmental Kuznets curve for per capita GDP, as well as a feedback relationship between environmental quality and GDP per capita, and between environmental quality and income inequality.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Review
Environmental Sciences
Iftikhar Muhammad, Rasim Ozcan, Vipin Jain, Carlos Samuel Ramos-Meza, Chanchal Chawla
Summary: In light of concerns about climate change and energy security, this study examines the drivers of renewable energy consumption (REC) and its relationship with GDP growth, technological innovation, gross fixed capital formation, CO2 emissions, income inequality using data from BRICS countries. The findings suggest that carbon emissions, technological innovation, and gross fixed capital formation have significant negative impacts on REC, while a reduction in income inequality promotes the use of renewable energy.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Multidisciplinary Sciences
Yuanzhi Guo
Summary: In this study, the centre of gravity (CG) model is used to analyze the spatiotemporal patterns and stages of China's economic inequality from 1978 to 2018. The results show significant regional economic disparities due to spatial heterogeneity and unbalanced development. The study identifies four stages of economic inequality in China, reflecting the need to balance efficiency and equity in economic development.
Article
Food Science & Technology
Yong-Qi Chen, You-Hua Chen
Summary: This paper aims to systematically understand the influence of socioeconomic development on food safety risk and establish a sound modern governance system for food safety in China. By using provincial panel data from 2011 to 2020 and employing a two-way fixed effect model and moderating effect model, the study explores the relationship between food safety risk and socioeconomic factors such as economic growth and income inequality. The results indicate that food safety risk follows a Kuznets curve, with a turning point at approximately RMB 58,104.59 per capita GDP (based on prices in 2011). However, income inequality moderates this relationship and shifts the turning point to the right, leading to a flattened curve. Incorporating the goals of stable and sustained economic growth and common prosperity into policy formulation is crucial for enhancing the effectiveness of food safety risk governance.
Article
Business
L. J. Shrum
Summary: This article discusses the research findings of Goya-Tocchetto & Payne, Hagerty et al., and Ordabayeva & Lisjak in 2021.
JOURNAL OF CONSUMER PSYCHOLOGY
(2022)
Article
Business, Finance
Wenhao Wang, Tao Xu, Xiaoyi Liu, Yongkun Sun
Summary: Inward FDI has a complex impact on income distribution, as it can both reduce and increase income inequality. This effect varies between emerging market countries and developed countries.
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
(2023)
Article
Environmental Sciences
Shemelis Kebede Hundie
Summary: The relationship between income inequality, economic growth, and CO2 emissions is ambiguous. In Ethiopia, economic growth leads to an increase in CO2 emissions, while the impact of income inequality on CO2 emissions is not robust. Important policy implications are suggested to achieve the 2030 targets of a low-carbon economy in Ethiopia.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2021)
Article
Economics
Jaylson Jair da Silveira, Gilberto Tadeu Lima
Summary: This paper investigates the relationship between labor productivity, wage inequality, and macroeconomics dynamics by building an evolutionary model of the labor market. The study finds that the level of wage inequality significantly influences the distribution of wage remuneration strategies across firms, leading to self-sustaining cyclical fluctuations in functional income distribution, capacity utilization, and output growth at the macro level.
STRUCTURAL CHANGE AND ECONOMIC DYNAMICS
(2021)
Article
Public, Environmental & Occupational Health
James R. Dunn, Gum-Ryeong Park, Robbie Brydon, Michael Wolfson, Michael Veall, Lyndsey Rolheiser, Arjumand Siddiqi, Nancy A. Ross
Summary: This article presents research on the relationship between income inequality and population health. It proposes five recommendations for future research to enhance existing knowledge and explore new questions.
JOURNAL OF EPIDEMIOLOGY AND COMMUNITY HEALTH
(2022)
Article
Business
Hafezali Iqbal Hussain, Fakarudin Kamarudin, Nazratul Aina Mohamad Anwar, Mohsin Ali, Jason J. Turner, Sotheeswari A. Somasundram
Summary: This study examined the impact of income inequality on the sharing economy's ability to promote sustainable economic growth in emerging markets. Using panel data from 20 developing countries in Africa and Asia, the study found that income inequality negatively affected the sharing economy's effectiveness in stimulating sustainable growth.
JOURNAL OF INNOVATION & KNOWLEDGE
(2023)
Article
Economics
Keyvan Eslami, Hyunju Lee
Summary: This paper studies optimal mitigation and testing strategies during a pandemic in the presence of partial information. The findings indicate that when testing is prohibitively costly, stringent mitigation measures become crucial as a substitute for information acquisition.
EUROPEAN ECONOMIC REVIEW
(2024)
Editorial Material
Economics
Caterina Mendicino
Summary: This paper contrasts the effectiveness of central bank asset purchases and direct lending to non-financial corporations. It finds that Main Street Lending is highly stimulative for recessions characterized by cash flow shortages for non-financial firms, while Wall Street QE is only effective in recessions featuring impairment of the balance sheet of financial intermediaries.
EUROPEAN ECONOMIC REVIEW
(2024)
Article
Economics
Ugo Albertazzi, Fulvia Fringuellotti, Steven Ongena
Summary: Residential mortgages have fixed or adjustable interest rates depending on household conditions and bank characteristics. Research shows that the type of interest rate for mortgages is related to factors such as inflation volatility, correlation between unemployment and short-term interest rates, financial literacy of households, and the extent of using local mortgages to back bonds and securities.
EUROPEAN ECONOMIC REVIEW
(2024)
Article
Economics
Jose Gabo Carreno, Burak Uras
Summary: This study develops a dynamic stochastic general equilibrium model to examine the macro welfare effects of flexible labor contracts. The findings suggest that an increase in wage rigidity in the fixed sector leads to higher welfare, while a switch to inflation targeting decreases welfare. Additionally, the working-hour flexibility of flexible labor contracts reinforces the desirability of wage stickiness in the fixed sector. The optimal size of the flexible sector differs significantly between economies in a currency union and those with inflation targeting monetary policy regimes.
EUROPEAN ECONOMIC REVIEW
(2024)
Article
Economics
Anouk L. Schippers, Adriaan R. Soetevent
Summary: In unregulated peer-to-peer exchanges, little free libraries, which involve the free exchange of books via privately owned public bookcases, surprisingly show limited free riding behavior. The high and stable level of reciprocal exchange can be explained by strong social norms and preferences for cooperation among owners and users.
EUROPEAN ECONOMIC REVIEW
(2024)
Article
Economics
Andy Snell, Heiko Stueber, Jonathan P. Thomas
Summary: This study examines a labor market with risk averse workers, directed search, and asymmetric information. The findings suggest that in economic downturns, incumbents and new hires are treated equally, wages are not sensitive to the severity of the downturn, resulting in an amplified employment effect, and wages are determined by forecasts of labor market conditions. In contrast, during economic upswings, new-hire wages are more responsive to actual conditions, while incumbent wages remain relatively rigid.
EUROPEAN ECONOMIC REVIEW
(2024)
Article
Economics
Victor Gimenez-Perales
Summary: This paper examines the dynamics of importer-exporter connections and presents three novel predictions. Evidence from customs transaction data in Colombia supports these predictions. Additionally, the paper demonstrates the significance of this mechanism for the heterogeneity of trade adjustment to macroeconomic shocks across sectors.
EUROPEAN ECONOMIC REVIEW
(2024)
Article
Economics
Jaanika Merikull, Alari Paulus
Summary: This study examines the link between productivity and job reallocation during the COVID-19 crisis, using a dataset from Estonia. The findings show that while there is evidence of job reallocation towards more productive sectors and firms, the within-sector reallocation was surprisingly unresponsive to productivity, contrasting with previous major crises such as the Great Recession. This lack of responsiveness is attributed to the impact of generous job retention schemes.
EUROPEAN ECONOMIC REVIEW
(2024)
Article
Economics
Antonio Fatas, Sanjay R. Singh
Summary: This paper studies the case of a central bank ignoring hysteresis when identifying shocks, and shows that mistaking a demand shock for a supply shock can have permanent effects on output, leading to self-perpetuating errors.
EUROPEAN ECONOMIC REVIEW
(2024)
