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Is inequality harmful for sustainable development?

Hasanov, Seymur LU (2021) EKHS22 20211
Department 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)
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author
Hasanov, Seymur LU
supervisor
organization
course
EKHS22 20211
year
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}},
}