Is inequality harmful for sustainable development?
(2021) EKHS22 20211Department of Economic History
- Abstract
- It is obviously expected that sustainable development is the primary target to raise prosperity and life standards of nations. It is necessary to ensure social, political, and economic stability. But what about the stimulus factors that motivate sustainable development? Can income inequality be one of them?
Some literature has examined the role of income distribution on economic growth, but to test the relationship between inequality and sustainable development has not been done. To answer the questions above, 139 countries covering 48 years between 1970 and 2018 have been tested in this context by Fixed-effects and Ordinary Least Squares estimations.
According to the results, although no relationship has been observed between income... (More) - It is obviously expected that sustainable development is the primary target to raise prosperity and life standards of nations. It is necessary to ensure social, political, and economic stability. But what about the stimulus factors that motivate sustainable development? Can income inequality be one of them?
Some literature has examined the role of income distribution on economic growth, but to test the relationship between inequality and sustainable development has not been done. To answer the questions above, 139 countries covering 48 years between 1970 and 2018 have been tested in this context by Fixed-effects and Ordinary Least Squares estimations.
According to the results, although no relationship has been observed between income inequality and sustainable development for the short and middle term, there is a negative and statistically significant relationship for the long term. Furthermore, the approach has been reapproved that income inequality may foster economic growth for the short and middle run, although its impact is still negative for the long run. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9059688
- author
- Hasanov, Seymur LU
- supervisor
- organization
- course
- EKHS22 20211
- year
- 2021
- type
- H2 - Master's Degree (Two Years)
- subject
- keywords
- Keywords: Income inequality, Sustainable development, Adjusted Net Savings, Weak sustainability, Strong sustainability, Economic growth
- language
- English
- id
- 9059688
- date added to LUP
- 2021-08-26 10:46:27
- date last changed
- 2021-08-26 10:46:27
@misc{9059688, abstract = {{It is obviously expected that sustainable development is the primary target to raise prosperity and life standards of nations. It is necessary to ensure social, political, and economic stability. But what about the stimulus factors that motivate sustainable development? Can income inequality be one of them? Some literature has examined the role of income distribution on economic growth, but to test the relationship between inequality and sustainable development has not been done. To answer the questions above, 139 countries covering 48 years between 1970 and 2018 have been tested in this context by Fixed-effects and Ordinary Least Squares estimations. According to the results, although no relationship has been observed between income inequality and sustainable development for the short and middle term, there is a negative and statistically significant relationship for the long term. Furthermore, the approach has been reapproved that income inequality may foster economic growth for the short and middle run, although its impact is still negative for the long run.}}, author = {{Hasanov, Seymur}}, language = {{eng}}, note = {{Student Paper}}, title = {{Is inequality harmful for sustainable development?}}, year = {{2021}}, }