Economic growth, globalization and income inequality: the case of Ukraine

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dc.contributor.authorAbakumova, Juliet
dc.contributor.authorPrimierova, Olena
dc.date.accessioned2019-05-28T14:14:17Z
dc.date.available2019-05-28T14:14:17Z
dc.date.issued2018
dc.description.abstractIncome inequality has been widely debated since the beginning of the economic development and this topic is especially present in today’s economic world. As hypotheses, as a rule, statements are tested: economic growth leads first to an increase, and then to a decrease in inequality; high income differentiation stimulates higher growth rates; the processes of globalization contribute to reducing inequalities in the world. The purpose of the empirical part of the present research is to analyze the relationships between income inequality and economic growth, income inequality and globalization. The study has employed a single-country regression to investigate the existence of the Kuznets curve hypothesis for the Ukraine economy over the period 1995-2016. The bounds testing (ARDL) approach to cointegration is applied to examine the long-run relationship between the variables. The results, when regressing Gini index and GDP per capita based on purchasing power parity, confirm the presence of hidden cointegration. The Granger causality test is also applied in order to test the existence of a causal relationship between the economic growth and income inequality. We examine the globalization-income inequality relationship and causality. Globalization is measured by the KOF globalization index. For case of Ukraine results show that globalization and income inequality are positively correlated, Granger causality was confirmed.en_US
dc.identifier.citationAbakumova Ju. Economic growth, globalization and income inequality: the case of Ukraine / Abakumova Ju., Primierova O. // Globalization and Its Socio-Economic Consequences : 18th International Scientific Conference, (Rajecke Teplice, Slovak Republic, 10th - 11th October 2018). - Rajecke Teplic, 2018. - Part VI : Inequality in Society. - P. 2445-2452.en_US
dc.identifier.urihttps://ekmair.ukma.edu.ua/handle/123456789/15748
dc.language.isoenen_US
dc.relation.sourceGlobalization and Its Socio-Economic Consequences : 18th International Scientific Conference, (Rajecke Teplice, Slovak Republic, 10th - 11th October 2018)en_US
dc.statuspublished earlieren_US
dc.subjectincome inequalityen_US
dc.subjecteconomic growthen_US
dc.subjectglobalizationen_US
dc.subjecthidden cointegrationen_US
dc.subjectbounds testing approachen_US
dc.subjectarticleen_US
dc.titleEconomic growth, globalization and income inequality: the case of Ukraineen_US
dc.typeArticleen_US
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