Inequality and growth in Portugal: a reappraisal for the period 1986-2017
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10316/99832 https://doi.org/10.1002/pop4.330 |
Resumo: | This paper investigates the inequality-growth nexus for Portugal over the period 1986-2017. Portugal is a country that has recorded a decelerating growth trajectory together with high levels of inequality, coupled with relatively low levels of human capital and productivity. We compute different measures of earnings inequality using microdata from the Quadros de Pessoal database and use them to estimate VAR and SVAR A-B models with four variables (human capital, inequality, investment and output) to empirically assess the sign of the relationship between inequality and growth, as well as the underlying mechanisms. The results from the impulse response analysis indicate that a shock to inequality has a negative impact on growth and on human capital availability, and an initial negative impact on investment which eventually becomes positive. The evidence found highlights the human capital, savings, and domestic demand channels as good candidates to explain the relationship between inequality and growth in Portugal. |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Inequality and growth in Portugal: a reappraisal for the period 1986-2017Inequality, Human Capital, Investment, Growth, VAR, SVAR, PortugalThis paper investigates the inequality-growth nexus for Portugal over the period 1986-2017. Portugal is a country that has recorded a decelerating growth trajectory together with high levels of inequality, coupled with relatively low levels of human capital and productivity. We compute different measures of earnings inequality using microdata from the Quadros de Pessoal database and use them to estimate VAR and SVAR A-B models with four variables (human capital, inequality, investment and output) to empirically assess the sign of the relationship between inequality and growth, as well as the underlying mechanisms. The results from the impulse response analysis indicate that a shock to inequality has a negative impact on growth and on human capital availability, and an initial negative impact on investment which eventually becomes positive. The evidence found highlights the human capital, savings, and domestic demand channels as good candidates to explain the relationship between inequality and growth in Portugal.Poverty and Public Policy2022-03-092024-03-08T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10316/99832http://hdl.handle.net/10316/99832https://doi.org/10.1002/pop4.330eng1944-2858https://onlinelibrary.wiley.com/doi/10.1002/pop4.330Fernandes, MiguelAndrade, João SousaDuarte, AdelaideSimões, Martainfo:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-10-27T11:05:54Zoai:estudogeral.uc.pt:10316/99832Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T21:17:11.608707Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Inequality and growth in Portugal: a reappraisal for the period 1986-2017 |
title |
Inequality and growth in Portugal: a reappraisal for the period 1986-2017 |
spellingShingle |
Inequality and growth in Portugal: a reappraisal for the period 1986-2017 Fernandes, Miguel Inequality, Human Capital, Investment, Growth, VAR, SVAR, Portugal |
title_short |
Inequality and growth in Portugal: a reappraisal for the period 1986-2017 |
title_full |
Inequality and growth in Portugal: a reappraisal for the period 1986-2017 |
title_fullStr |
Inequality and growth in Portugal: a reappraisal for the period 1986-2017 |
title_full_unstemmed |
Inequality and growth in Portugal: a reappraisal for the period 1986-2017 |
title_sort |
Inequality and growth in Portugal: a reappraisal for the period 1986-2017 |
author |
Fernandes, Miguel |
author_facet |
Fernandes, Miguel Andrade, João Sousa Duarte, Adelaide Simões, Marta |
author_role |
author |
author2 |
Andrade, João Sousa Duarte, Adelaide Simões, Marta |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Fernandes, Miguel Andrade, João Sousa Duarte, Adelaide Simões, Marta |
dc.subject.por.fl_str_mv |
Inequality, Human Capital, Investment, Growth, VAR, SVAR, Portugal |
topic |
Inequality, Human Capital, Investment, Growth, VAR, SVAR, Portugal |
description |
This paper investigates the inequality-growth nexus for Portugal over the period 1986-2017. Portugal is a country that has recorded a decelerating growth trajectory together with high levels of inequality, coupled with relatively low levels of human capital and productivity. We compute different measures of earnings inequality using microdata from the Quadros de Pessoal database and use them to estimate VAR and SVAR A-B models with four variables (human capital, inequality, investment and output) to empirically assess the sign of the relationship between inequality and growth, as well as the underlying mechanisms. The results from the impulse response analysis indicate that a shock to inequality has a negative impact on growth and on human capital availability, and an initial negative impact on investment which eventually becomes positive. The evidence found highlights the human capital, savings, and domestic demand channels as good candidates to explain the relationship between inequality and growth in Portugal. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-03-09 2024-03-08T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10316/99832 http://hdl.handle.net/10316/99832 https://doi.org/10.1002/pop4.330 |
url |
http://hdl.handle.net/10316/99832 https://doi.org/10.1002/pop4.330 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1944-2858 https://onlinelibrary.wiley.com/doi/10.1002/pop4.330 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/embargoedAccess |
eu_rights_str_mv |
embargoedAccess |
dc.publisher.none.fl_str_mv |
Poverty and Public Policy |
publisher.none.fl_str_mv |
Poverty and Public Policy |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799134067470368768 |