Article - Problems of Modern Economics

Dependency of inequality and economic growth occupies a central place in contemporary macroeconomics. The importance of this issue is determined not only by the decreasing of economic activity in the present-day world, but also by the lack of understanding with regards to the factors of this process that lie beyond the vision scope of contemporary economic theory. The article presents results of the research, in which the author formulates and finds empiric evidence to the hypothesis of dependency between inequality and economic growth in the context of evaluation of the latter’s quality. Conclusions made in the course of the research stress the exceptional importance of such factor as higher, or excessive inequality, as well as of the disproportionate financial sector for the development of the state economic politics

Key words: inequality, economic growth, Gini coefficient, financialization

Pages: 52 - 55

Литература
1. Norris E.D., Kochhar K., Suphaphiphat N. and others. Causes and Consequences of Income Inequality: A Global Perspective. IMF Staff Discussion Note, IMF, 2015. p. 4.
2. OECD Report. Focus on Inequality and Growth. Directorate for Employment, Labour and Social Affairs. OECD, 2014. p. 2.
3. OECD. Stat database. Annual National Accounts / Main Aggregates / Gross domestic product (GDP), 2015. Available at: http://stats.oecd.org (Last accessed: 18.10.2016.)
4. Piketty T. About Capital in the Twenty-First Century. American Economic Review. vol. 105, no. 5, 2015. p. 48–53.
5. Piketty T. Capital in the Twenty-First Century. The Belknap Press of Harvard University Press, 2014.
6. Reich R. Aftershock: The Next Economy and America’s Future. Vintage Books, New York, 2011. P.65, 139–140.
7. Reich R. Inequality for All Documentary. Sundance Film Festival, 2013.
8. Shevyakov A., Kiruta A. Inequality, economic growth and demography: the unexplored interconnections (Monograph). Federal State Budgetary Scientific Institution Institute of Socio-Economic Studies of Population of the Russian Academy of Sciences (ISESP RAS). Moscow, Russia. M-Studio, 2009. p. 19. (In Russian).
9. Solt F. The Standardized World Income Inequality Database.The University of Iowa. October 2, 2014.
10. Stiglitz J. Inequality and Economic Growth. Columbia University, 2015. p.1. SWIID Version 5.0., October 2014. Available at: http://myweb.uiowa.edu/fsolt/swiid/swiid.html,https://dataverse.harvard.edu/dataset.xhtml?persistentId=hdl:1902.1/11992 (Last accessed: 18.10.2016.)

Сноски
1 Речь идет в основном об исследованиях, опубликованных после финансово-экономического кризиса (2009–2015 гг.).
2 OECD Report. Focus on Inequality and Growth. Directorate for Employment, Labour and Social Affairs. OECD, 2014. p.2.
3 Norris E.D., Kochhar K., Suphaphiphat N. and others. Causes and Consequences of Income Inequality: A Global Perspective. IMF Staff Discussion Note, IMF, 2015. p. 4.
4 Stiglitz J. Inequality and Economic Growth. Columbia University, 2015. p. 1.
5 Reich R. Aftershock: The Next Economy and America’s Future. Vintage Books, New York, 2011. P. 65, 139–140.
6 Reich R. Inequality for All Documentary. Sundance Film Festival, 2013.
7 Piketty T. Capital in the Twenty-First Century. The Belknap Press of Harvard University Press, 2014.
8 От ценных бумаг, имущества и т.п.
9 Piketty T. About Capital in the Twenty-First Century. American Economic Review. vol. 105, no. 5, 2015. p. 48-53.
10 Shevyakov A., Kiruta A. Inequality, economic growth and demography: the unexplored interconnections (Monograph). Federal State Budgetary Scientific Institution Institute of Socio-Economic Studies of Population of the Russian Academy of Sciences (ISESP RAS). Moscow, Russia. M-Studio, 2009. p. 19. (In Russian).
11 Результаты этих исследований можно резюмировать следующим образом: повышенное неравенство снижает динамику экономического роста.
12 Solt F. The Standardized World Income Inequality Database.The University of Iowa. October 2, 2014.
13 SWIID Version 5.0, October 2014. Available at: http://myweb.uiowa.edu/fsolt/swiid/swiid.html, https://dataverse.harvard.edu/dataset.xhtml?persistentId=hdl:1902.1/11992 (Last accessed: 18.10.2016.)
14 OECD. Stat database. Annual National Accounts/Main Aggregates/ Gross domestic product (GDP), 2015. Available at: http://stats.oecd.org (Last accessed: 18.10.2016.)

Article in russian

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