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Inequality, Economic Growth and Structural Change: Theoretical Links and Evidence from Latin American Countries

Mario Tello

No 2015-402, Documentos de Trabajo / Working Papers from Departamento de Economía - Pontificia Universidad Católica del Perú

Abstract: This paper summarizes the theoretical literature of the connections between inequality, economic growth and structural change and presents evidence of these connections for a sample of twelve Latin American countries in period 1980-2011. This suggests that the low degree of structural change has caused a statistical impact on inequality and economic growth in only four and one countries respectively. Consequently, this result rejects the conjecture that structural change has been growth reducing in Latin America. The absence of a statistical causal relationship from structural change to economic growth may be because sectoral labor reallocation does not take into account informal activities. On the other hand, coverage of the causal effects of growth and/or inequality on structural change has been greater than the respective effects of structural change on inequality and/or economic growth. Seven Latin American countries experienced those causal effects. JEL Classification-JEL: O54, O12

Keywords: Structural change; inequality; economic growth (search for similar items in EconPapers)
Pages: 43
Date: 2015
New Economics Papers: this item is included in nep-fdg, nep-gro and nep-lam
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Citations: View citations in EconPapers (1)

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