收入不均与经济增长的关系详解.docx

 PAGE \* MERGEFORMAT 32 Panel data analysis: Income inequality and Economic growth in credit control By 1459823 University of Warwick 9th Sep 2015 Supervisor: Prof. Omer Moav Word count: 8100Declaration I hereby confirm that the present paper is my own work and that if any text passages or diagrams from books, papers, the Web or other sources have been copied or in any other way used, all references – including those found in electronic media – have been acknowledged and fully cited. Tan Xin 9th Sep 2015 Acknowledgements I would like to thank Professor Omer Moav for providing core literatures and thoughtful comments. All errors remain mine. Abstract Opposite sign of correlation between inequality and growth have been reported in different researches and dataset. This research uses panel technique investigating the correlation by incorporating maturity level of credit market. The result of the research indicate that country-specific effect positively correlate with both inequality and growth, Advanced credit market help alleviate loss in growth due to inequality, which, coincide with previous literature. Contents  TOC \o 1-3 \h \z \u   HYPERLINK \l _Toc429216174 Declaration  PAGEREF _Toc429216174 \h i  HYPERLINK \l _Toc429216175 Acknowledgements  PAGEREF _Toc429216175 \h ii  HYPERLINK \l _Toc429216176 Abstract  PAGEREF _Toc429216176 \h iii  HYPERLINK \l _Toc429216177 1. Introduction  PAGEREF _Toc429216177 \h 1  HYPERLINK \l _Toc429216178 1.1 Negative correlation between income inequality and economic growth  PAGEREF _Toc429216178 \h 1  HYPERLINK \l _Toc429216179 1.2. Non-monotonic relationship between income inequality and economic growth  PAGEREF _Toc429216179 \h 2  HYPERLINK \l _Toc429216180 2. Literature review  PAGEREF _Toc429216180 \h 3  HYPERLINK \l