Growth,Inequality and Poverty in Emerging and Transition Economies |
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Authors: | Pasquale Tridico |
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Institution: | (1) Department of Economics, University of Roma Tre, Rome, Italy |
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Abstract: | This paper aims to explore the quality of economic growth in a sample of 50 emerging and transition economies (ETEs), which
are countries experiencing a process of fast growth and institutional change. Economic growth during 1995–2006 is regressed
against poverty, inequality and human development variables using OLS cross-country regression models. The main findings are
that growth did not reduce poverty and income inequality worsened too. On the one hand, economic growth occurred despite the
worsening of income inequality. However, this result does not identify a “U-shaped” Kuznets curve because even after a consistent
period of growth, inequality did not decrease and it remained at higher levels. Only countries with higher education levels
and public expenditure in strategic dimensions seem to escape from this trap. On the other hand, growth occurred at the expense
of an important human development variable i.e., life expectancy, and of an important indicator of democracy, i.e., voice
and accountability. |
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Keywords: | |
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