The Influence of Income Inequalities on Socio-Economic Development in the European Union

Litwiński Michł ()
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Litwiński Michł: Poznań University of Economics and Business, Poznań, Poland

Econometrics. Advances in Applied Data Analysis, 2019, vol. 23, issue 1, 45-60

Abstract: Recently, there has been observed intensified research on the impact of income inequalities on aspects of socio-economic development in the European Union. However, there are no comprehensive analyses concerning the relationship between these phenomena. Therefore the subject of the paper is the influence of income inequalities on socio-economic development. The author would like to verify the hypothesis that the character of the impact of income inequalities on socio-economic development in the European Union is negative. Analysis was conducted for the European Union in 2004-2017 using the panel data model, also estimated was the synthetic indicator of socio-economic development. The research conducted in the paper leads to ambiguous conclusions. On the one hand, inequalities measured for the whole distribution of income have no influence on socio-economic development in the European Union. However, the income gap between the richest and the poorest hinders the mentioned phenomenon.

Keywords: income inequalities; socio-economic development; economic growth; panel model; Gini coefficient; S80/S20 ratio (search for similar items in EconPapers)
JEL-codes: C32 D31 O11 O15 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:eaiada:v:23:y:2019:i:1:p:45-60:n:4

DOI: 10.15611/eada.2019.1.04

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