Economic Growth and Income Inequality: Empirical Evidence from North African CountriesReport as inadecuate




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Journal: Asian Economic and Financial Review

Abstract: This paper examines the empirical relationship between economic growth and income inequality for 3 countries of North Africa Tunisia, Morocco and Egypt over the period 1970-2004. The results of this paper indicate that the long-run growth elasticity of income inequality is negative and significant implying that keeping other factors constant; more income inequality reduces economic growth. Moreover, this paper finds evidence that more physical and human capital investment and higher openness to trade have statistically significant impact on enhancing economic growth and reducing poverty.

Economics

Asian Economic and Financial Review

Month: 03-2012 Issue: 1



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