DOES AGGREGATION HIDE THE HARMFUL EFFECTS OF INEQUALITY ON GROWTH

Authors
RAVALLION M
Citation
M. Ravallion, DOES AGGREGATION HIDE THE HARMFUL EFFECTS OF INEQUALITY ON GROWTH, Economics letters, 61(1), 1998, pp. 73-77
Citations number
12
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
61
Issue
1
Year of publication
1998
Pages
73 - 77
Database
ISI
SICI code
0165-1765(1998)61:1<73:DAHTHE>2.0.ZU;2-3
Abstract
Aggregation can severely bias conventional tests of whether inequality impedes growth. A micro growth model estimated on farm-household data for rural China indicates that asset inequality in the area of reside nce has a harmful external effect on consumption growth. The effect is lost in a regional growth regression. (C) 1998 Elsevier Science S.A. All rights reserved.