Income Inequality and GDP Growth Rates in CEE Countries Before and During the COVID-19 Pandemic
Hristo Mavrov ()
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Hristo Mavrov: University of Economics – Varna, Bulgaria
Nauchni trudove, 2024, issue 4, 81–92
Abstract:
The purpose of the article is to establish the presence or absence of a relationship between GDP growth rates and income inequality. The object of the study are the most dynamic countries of Central and Eastern Europe. The time period (2000 – 2021) also allows an analysis of the role of the Covid-19 pandemic on the relationship between income inequality and economic growth. The main research question is whether a country's accelerated development comes at the cost of increasing income inequality? Based on a descriptive analysis, it is concluded that high growth rates do not necessarily require high inequality. Rather, it is the opposite – accelerated development is also possible with decreasing income inequality.
Keywords: income inequality; growth rates; CEE countries; Covid-19 pandemic (search for similar items in EconPapers)
JEL-codes: D63 O47 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2024:i:4:p:81-92
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