This study tries to evaluate the effect of economic growth volatilities on income inequality in Iran for years of 1971-2013. For this purpose, economic growth volatilities have been modeled by GARCH & EGARCH and its effect on the Gini coefficient has been estimated by canonical Co-integration regression. Park Co-integration test applied for canonical Co-integration regression residuals as well. The results show the significant and long term relation between these two variables so that the income inequality would be increased by economic growth volatilities increment. As a result, asymmetric volatility does not change the model estimates.
Motameni, M. (2015). The effect of economic growth volatility on income inequality in Iran: CCR approach. Journal of Economic Essays; an Islamic Approach, 12(23), 163-179.
MLA
Mani Motameni. "The effect of economic growth volatility on income inequality in Iran: CCR approach". Journal of Economic Essays; an Islamic Approach, 12, 23, 2015, 163-179.
HARVARD
Motameni, M. (2015). 'The effect of economic growth volatility on income inequality in Iran: CCR approach', Journal of Economic Essays; an Islamic Approach, 12(23), pp. 163-179.
VANCOUVER
Motameni, M. The effect of economic growth volatility on income inequality in Iran: CCR approach. Journal of Economic Essays; an Islamic Approach, 2015; 12(23): 163-179.
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