연구보고서World Bank Policy Research Working Paper 5483
Did higher inequality impede growth in rural China ?
- 청구기호
- WPS 5483
- 발행사항
- Washington,D.C : World Bank, 2010
- 형태사항
- 43 p. :. PDF file ;. 2,288 KB
- 바로가기
소장정보
위치 | 등록번호 | 청구기호 / 출력 | 상태 | 반납예정일 |
---|---|---|---|---|
이용 가능 (1) | ||||
E0001353 | 대출가능 | - |
이용 가능 (1)
- 등록번호
- E0001353
- 상태/반납예정일
- 대출가능
- -
- 위치/청구기호(출력)
책 소개
This paper estimates the relationship between initial village inequality and subsequent household income growth for a large sample of households in rural China. Using a rich longitudinal survey spanning the years 1987-2002, and controlling for an array of household and village characteristics, the paper finds that households located in higher inequality villages experienced significantly lower income growth through the 1990s. However, local inequalitys predictive power and effects are significantly diminished by the end of the sample. The paper exploits several advantages of the household-level data to explore hypotheses that shed light on the channels by which inequality affects growth. Biases due to aggregation and heterogeneity of returns to own-resources, previously suggested as candidate explanations for the relationship, are both ruled out. Instead, the evidence points to unobserved village institutions at the time of economic reforms that were associated with household access to higher income activities as the source of the link between inequality and growth. The empirical analysis addresses a number of pertinent econometric issues including measurement error and attrition, but underscores others that are likely to be intractable for all investigations of the inequality-growth relationship.