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|z 9781475519976
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|a 1018-5941
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|a Cevik, Serhan.
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|a Growing (Un)equal :
|b Fiscal Policy and Income Inequality in China and BRIC+ /
|c Serhan Cevik, Carolina Correa-Caro.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2015.
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|a 1 online resource (26 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over the period 1980-2013, with a focus on the redistributive contribution of fiscal policy. Using instrumental variable techniques to deal with potential endogeneity, we find evidence supporting the hypothesis of the existence of a Kuznets curve-an inverted Ushaped relationship between income inequality and economic development-in China and the panel of BRIC+ countries. In the case of China, the empirical results indicate that government spending and taxation have opposing effects on income inequality. While government spending appears to have a worsening impact, taxation improves income distribution. Even though the redistributive effect of fiscal policy in China appears to be stronger than what we identify in the BRIC+ panel, it is not large enough to compensate for the adverse impact of other influential factors.
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|a Mode of access: Internet
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|a Correa-Caro, Carolina.
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|a IMF Working Papers; Working Paper ;
|v No. 2015/068
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2015/068/001.2015.issue-068-en.xml
|z IMF e-Library
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