Inequality and growth in Portugal: a reappraisal for the period 1986-2017

Detalhes bibliográficos
Autor(a) principal: Fernandes, Miguel
Data de Publicação: 2022
Outros Autores: Andrade, João Sousa, Duarte, Adelaide, Simões, Marta
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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spelling 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
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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
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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
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dc.publisher.none.fl_str_mv Poverty and Public Policy
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