THE IMPACT OF INCOME INEQUALITY ON ECONOMICGROWTH

Khodor Shatila
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Khodor Shatila: IProcares International Research Center, Beirut, Lebanon

Pressburg Economic Review, 2022, vol. 2, issue 1, 43-47

Abstract: The current article examines the relationship between income inequality andeconomic growth using the Gini coefficient to measure income inequality and the GDP percapita to measure economic growth. The study shows a complex relationship betweenincome inequality and economic growth, and the impact can vary depending on the specificcontext of a country. However, the results suggest that high levels of income inequality canhave a negative impact on economic growth, as it limits access to education, healthcare, andother social services for low-income individuals, which can impede their ability to beproductive members of the workforce. Additionally, when a large portion of wealth isconcentrated in the hands of a small group of people, it can lead to reduced consumerspending, which can slow economic growth.

Keywords: income inequality; economic growth; Gini coefficient (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:awb:perjnl:v:2:y:2022:i:1:p:43-47

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DOI: 10.5281/zenodo.7637485

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