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Robust Correlates of Growth Spells: Do Inequality and Redistribution Matter?
Oxford Bulletin of Economics and Statistics ( IF 2.5 ) Pub Date : 2022-06-29 , DOI: 10.1111/obes.12514
Andros Kourtellos 1 , Charalambos G. Tsangarides 2
Affiliation  

This article investigates the relationship between inequality, redistribution, and the duration of growth spells in the presence of a rich set of alternative determinants, by explicitly accounting for model uncertainty using model averaging for duration models. We find that lower net inequality is associated with longer growth spells. Redistribution does not appear to be correlated with the duration of growth spells. In addition, there is no evidence of nonlinearities in the inequality–redistribution–growth spell relationship. Finally, lower initial income, higher secondary education, and higher FDI are associated with longer spell duration.

中文翻译:

增长咒语的强大相关性:不平等和再分配重要吗?

本文通过使用持续时间模型的模型平均来明确考虑模型不确定性,研究在存在一组丰富的替代决定因素的情况下不平等、再分配和增长持续时间之间的关系。我们发现,较低的净不平等与较长的增长周期有关。再分配似乎与增长期的持续时间无关。此外,没有证据表明不平等-再分配-增长之间的关系存在非线性。最后,较低的初始收入、较高的中等教育和较高的 FDI 与较长的法术持续时间相关。
更新日期:2022-06-29
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