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18.97.14.83
18.97.14.83
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Cointegration Relationship between Income Inequality and Economic Growth: The Korean Case
( Sungwon Cho )
DOI 10.38162/JOME.47.2.3
UCI I410-ECN-0102-2018-300-004007781

This study empirically investigates the existence of a cointegration relationship between income inequality and economic growth using Korean time-series data. The income quintile ratio is adopted as the variable representing income inequality. This variable is defined as the ratio between the average income of the top 20% and the bottom 20% income brackets, based on household income data obtained from Statistics Korea. The cointegration test result shows that there is a long-run equilibrium relationship between income inequality and economic growth, and that income inequality is positively correlated with economic growth over the period 1990-2017.

Ⅰ. Introduction
Ⅱ. Literature Review
Ⅲ. Data and Methodology
Ⅳ. Empirical Results
Ⅴ. Conclusion
References
[자료제공 : 네이버학술정보]
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