Inflation, Growth, and Income Distribution: A Cross-Country Study

Hongyi Li () and Heng-Fu Zou ()

No 85, CEMA Working Papers from China Economics and Management Academy, Central University of Finance and Economics

Abstract: This short paper uses a newly compiled cross-country panel data on income distribution to explore the impact of inflation on income distribution and economic growth. We have found that inflation (1) worsens income distribution; (2) increases the income share of the rich; (3) has a negative but insignificant effect on the income shares of the poor and the middle class; and (4) reduces the rate of economic growth.

Keywords: Inflation; Income distribution; Growth (search for similar items in EconPapers)
JEL-codes: D3 E3 O4 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2002-05
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Citations: View citations in EconPapers (39)

Published in Annals of Economics and Finance, May 2002, pages 85-101

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Journal Article: Inflation, Growth, and Income Distribution: A Cross-Country Study (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:cuf:wpaper:85

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