The spatial dynamics of growth and inequality: Evidence using U.S. county-level data
Bebonchu Atems ()
Economics Letters, 2013, vol. 118, issue 1, 19-22
Based on an estimated dynamic spatial Durbin model, we find that the direct effect of a one-point increase in a county’s inequality is associated with a 3.3% decrease in its growth, while one-point increases in inequality in a county’s neighbors decrease its growth by 4.8%.
Keywords: Income inequality; Growth; Dynamic panels; Spatial Durbin model (search for similar items in EconPapers)
JEL-codes: C23 D31 R11 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:118:y:2013:i:1:p:19-22
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