INEQUALITY AND ECONOMIC GROWTH:EVIDENCE FROM THE SOUTHERN AFRICAN DEVELOPMENT COMMUNITY(SADC)
- 주제(키워드) Income Inequality
- 발행기관 아주대학교
- 지도교수 Chang, Byeong-Yun
- 발행년도 2015
- 학위수여년월 2015. 8
- 학위명 석사
- 학과 국제대학원 국제경영학과
- 실제URI http://www.dcollection.net/handler/ajou/000000020348
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
ABSTRACT The level of inequality in the world has been steadily rising over the past decades, creating anxiety amongst economists and policy makers about the potential effect it has on economic growth, if any. It is therefore arguably one of the most important topics today given that improvement of welfare of all citizens is the main goal of all governments. The situation is even more pertinent for most developing countries especially those in Sub-Saharan Africa which are trying to eliminate poverty and attain an emergent level of development. This paper proves that income inequality negatively affects growth in the Southern African Development Community (SADC) countries by using a time series cross-sectional data approach for the period 1995 to 2010. Such a finding implies that developing economies like those of the SADC could face greater hurdles in trying to become emergent and hence stalling their ability to improve the welfare of their citizens if better policies that ensure redistribution of wealth and hence sustainable growth are not put in place. Factors significantly negatively impacting the SADC’s growth include; income inequality and exchange rates. On the other hand the factor significantly associated with positive growth in the SADC is mineral rents. Keywords: GDP growth, Inequality, SADC
more목차
CHAPTER I: INTRODUCTION. 1
1.1 Introduction. 1
1.2 Significance of the study. 4
1.3 Objectives of the study. 4
CHAPTER II: REVIEW OF RELATED LITERATURE AND STUDIES. 5
2.1 Literature Review. 5
2.2 Hypothesis of the study. 9
2.3 Theory. 9
CHAPTER III: METHODOLOGY. 13
3.1 Model specification. 13
3.2 Data sources. 14
3.3 Comparative Analysis. 14
CHAPTER IV: EMPIRICAL RESULTS AND DISCUSSION. 17
4.1 Testing for unit roots. 17
4.2 Hausman Test for Fixed or Random effects. 19
4.3 Heteroskedasticity Test. 20
4.4 Endogeneity test. 21
4.5 Serial correlation test. 22
4.6 Normality Test. 22
4.7 Multicollinearity test 23
CHAPTER V: CONCLUSION AND RECOMMENDATIONS. 25
5.1 Conclusion and suggestions. 25
5.2 Limitations of the study. 30
REFERENCES. 31
APPENDIX. 35
