Economic Growth, Inequality and Poverty in the EU

Michálek, Anton; Výbošťok, Ján

doi:10.1007/s11205-018-1858-7

Cited by 49 publications

(42 citation statements)

References 10 publications

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“…The growth in GDP per capita has also been found by Wieser (2011) as one of the significant contributors to poverty reduction in 65 developing countries in the long run, with the growth elasticity of poverty reduction being independent of regions. That economic growth could be linked to poverty alleviation is also established as true in the case of 28 EU member states by Michálek and Výbošťok (2019). However, poverty is worsened as income inequality increases.…”

Section: Literature Reviewmentioning

confidence: 86%

Determinants of Poverty: A Dynamic Panel Data Analysis with Controls for Income Level and Inequality

Leow

Tan

2019

MJES

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This paper assesses the relationship between poverty on the one hand and economic growth and income inequality on the other hand by utilising a panel data set of 145 economies spanning the period, 1982 to 2017. The Arellano-Bond GMM estimation technique is employed to address the potential endogeneity problem in the regression exercise. In the course of the assessment, controls are effected for different country characteristics namely, income level and the degree of income inequality. Generally, it is found that economic growth and income inequality have a stronger bearing, negatively and positively respectively, on the incidence of poverty in middleincome than in low-income economies. The two variables also appear to have a larger impact in low-income inequality than in high-income inequality economies.

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Section: Literature Reviewmentioning

confidence: 86%

Determinants of Poverty: A Dynamic Panel Data Analysis with Controls for Income Level and Inequality

Leow

Tan

2019

MJES

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“…The poverty-growth-inequality triangle analyses inequality and growth as determinants of poverty (Michálek and Výbošťok 2019). This literature has been summarized in depth by other authors (Ravallion 2016).…”

Section: The Poverty-growth-inequality Trianglementioning

confidence: 99%

The Trade-off Between Poverty Reduction and Carbon Emissions, and the Role of Economic Growth and Inequality: An Empirical Cross-Country Analysis Using a Novel Indicator

Malerba

2020

Soc Indic Res

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Is it possible for countries to eradicate poverty while also meeting environmental goals? Despite the passage of international agreements calling for these issues to be addressed simultaneously, little is known about the direct relationship between them. This study addresses this gap by proposing a new and composite indicator that integrates measures for both poverty and environmental outcomes (carbon emissions) into a single variable, the carbon intensity of poverty reduction (CIPR). This variable defines the trade-off between the proportional changes of emissions per capita and of the share of the population above the poverty line. In parallel an analytic framework is developed to formulate propositions concerning the possible effects of growth and inequality on the CIPR. The propositions are tested empirically using data from 135 countries across a 30-year time period . The findings confirm that the carbon intensity of poverty reduction is heterogeneous across countries. This heterogeneity is partly explained by economic growth, which is found to have a negative effect on the CIPR up to a certain income level, defined here as a "turning point". Above that turning point, economic growth increases the CIPR. By contrast, inequality reduction is shown to have a significant negative effect on the CIPR. This study contributes to the literature on sustainable development by analytically and quantitatively linking its three dimensions (social, economic and environmental) and by employing a composite indicator that directly measures the trade-off between poverty reduction and emission levels across countries.

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“…Hodson (2018) remarked that economic progress is linked to long run development strategies which are comprehensively establish on step-by-step action plans. Michálek and Výbošťok (2019) underlined that the Eastern European Union Nations have demonstrated that having a long run development plan is an imperative condition to provide the future generations with more favourable socio-economic environment. These plans tackle multiple dimensions starting from reduction of inequality and assuring better income distribution and finishing with fostering the entrepreneurial climate.…”

Section: Literature Reviewmentioning

confidence: 99%

Institutional Efficiency, Entrepreneurship, and the Premises of Economic Development in the Eastern European Countries

Ignatov

2019

Studia Universitatis Babes-Bolyai Oeconomica

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The development gap between the “Old” and “New” member countries of the European Union is an important problem challenging the efficiency and strength of the European single market. In this regard, a subsequent question arises: which actions in the policy making must be undertaken, by both national and supranational authorities, to stimulate cohesion in the EU and which directions should be followed? The present paper tries to answer this question considering the perspective of the Eastern European nations and their economic development premises analysing the aspects of governmental participation in the economy and the influence of entrepreneurship upon long run competitiveness. The research results explicitly underline that entrepreneurship in the Eastern European nations is a determinative driver of long-term economic competitiveness due to its favourable impact upon the formation of human capital, enhancement of innovation potential and overall intellectual resources of nations. The effects of governmental participation in the economy upon the economic growth premises are heterogeneous including on the formation of physical and intellectual capital. Consequently, it was reached the conclusion that the Eastern European Nations should prioritise entrepreneurship since it is capable of boosting human capital creation and, at the same time, they should improve the institutional quality to minimise the factors undermining the business including corruption and red-tape, etc. In such a way, the Eastern European countries can overcome, in the long run, the development gap with the Western EU states and raise their economic potential.

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Economic Growth, Inequality and Poverty in the EU

Cited by 49 publications

References 10 publications

Determinants of Poverty: A Dynamic Panel Data Analysis with Controls for Income Level and Inequality

Determinants of Poverty: A Dynamic Panel Data Analysis with Controls for Income Level and Inequality

The Trade-off Between Poverty Reduction and Carbon Emissions, and the Role of Economic Growth and Inequality: An Empirical Cross-Country Analysis Using a Novel Indicator

Institutional Efficiency, Entrepreneurship, and the Premises of Economic Development in the Eastern European Countries

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