Factors related to the depth of the latest crisis for EU-27 countries: The key role of relative inequality/poverty

Demosthenes Georgopoulos, Theodore Papadogonas and George Sfakianakis

Economics Letters, 2012, vol. 116, issue 3, 308-311

Abstract: In this paper we investigate the relationship between the intensity of the recent global economic crisis and the current economic position of EU countries on the one hand and relative poverty and/or inequality on the other. Using data from the 27 EU member states we find a link between economic distress during and after the crisis and the degree of inequality/poverty in each country. The results show a strong positive relationship between the size of the economic crisis impact and higher inequality/poverty at the national level. We also find that these indices are more strongly correlated with the crisis variables, compared to four other well known and widely used indices.

Keywords: Great recession; Development; Relative poverty-inequality; Competitiveness (search for similar items in EconPapers)
JEL-codes: A1 D3 D6 I3 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176512001139
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:3:p:308-311

DOI: 10.1016/j.econlet.2012.03.017

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().