| Abstract [eng] |
The aim of the research is to design the model for assessment of the impact of income inequality on economic growth after investigating theoretical interpretations of the impact of income inequality on economic growth and to empirically test it in different groups of the countries. The results are grounded on the panel data of 28 EU countries over the period 1995–2014. In the first part of the Doctoral Dissertation, the content and the concept of the phenomenon of income inequality are dealt with, also discussion questions of its measurement, the theories of the impact of income inequality on economic growth are generalised, analysis of empirical research works conducted by other authors investigating the impact of income inequality on economic growth is carried out. In the second part of the Dissertation, the model for assessment of the impact of income inequality on economic growth is designed, the methods for assessment of the impact of income inequality on economic growth are substantiated and the variables used in the empirical research are discussed. In the third part of the Dissertation, it was found out that an increasing income inequality makes an ambiguous impact on economic growth through different transmission channels: the saving channel, the credit-market imperfections channel, the socio-political unrest channel, the fiscal policy channel. An ambiguous impact of income inequality on economic growth also depends on the country’s income inequality level and the country’s development level. As estimated in the EU countries, income inequality stimulated economic growth in the groups of the countries attributed with a higher level of income inequality and a different level of country’s development. In the groups of the countries attributed with a lower level of income inequality and a different level of country’s development, income inequality slowed down economic growth. |
