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Inequality and Growth in Modern China$
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Guanghua Wan

Print publication date: 2008

Print ISBN-13: 9780199535194

Published to Oxford Scholarship Online: May 2008

DOI: 10.1093/acprof:oso/9780199535194.001.0001

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The Inequality–Growth Nexus in the Short and Long Run: Empirical Evidence from China *

The Inequality–Growth Nexus in the Short and Long Run: Empirical Evidence from China *

Chapter:
(p.1) 1 The Inequality–Growth Nexus in the Short and Long Run: Empirical Evidence from China*
Source:
Inequality and Growth in Modern China
Author(s):

Guanghua Wan (Contributor Webpage)

Ming Lu

Zhao Chen

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199535194.003.0001

This chapter argues that the conventional approach of data averaging is problematic for exploring the growth-inequality nexus. It introduces the polynominal inverse lag (PIL) framework so that the impacts of inequality on investment, education, and ultimately on growth can be measured at precisely defined time lags. Combining PIL with simultaneous systems of equations, this chapter analyses the growth-inequality relationship in post-reform China, finding that this relationship is nonlinear and is negative irrespective of time horizons.

Keywords:   polynominal inverse lag, time lags, post-reform China, growth

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