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Social Inequality , Human Capital and Economic Growth in OECD Countries . Synthesis *
| Content Provider | Semantic Scholar |
|---|---|
| Copyright Year | 2013 |
| Abstract | Interesting conclusions concerning the relationship s between economic growth and inequalities arise from endogenous growt h theory. The assumption of this theory is that human capital not only deter mines the rate of long-term growth, but also that based on this factor of produ ction changes in income distribution between economic entities can be explaine d. Moreover, it can be observed from models of endogenous growth based on hu man capital, that smaller inequalities lead to increased pace of economic gro wth in the long-run. Unfortunately, existing empirical research does not yield unambiguous conclusions on the directions of impacts of social ine quality on economic growth. It is our thinking, that the cause of this ambiguity i n results of these studies lies in over-aggregation of indicators of social inequaliti es. The purpose of the article is therefore, to overvie w the theoretical and empirical literature and present the own analysis of relationships between economic growth, human capital and social inequalities , separated into activating and frustrating ones. The article has been structured as follows. Paragra ph 2 presents conclusions from the theory of endogenous growth as regards imp acts of human capital on income inequalities between economic entities. Para gr ph 3 presents conclusions of empirical studies on existing dependences between economic growth and inequalities. Paragraph 4 is a description of t he classification of inequalities separated into activating types, i.e., for promotin g growth and efficiency, and |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.ur.edu.pl/file/29969/03.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
