Inequality and the Crisis: A Causal Inference Analysis

By: Holzner, Mario.

Material type: materialTypeLabel

BookSeries: wiiw Balkan Observatory Working Papers: 110Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2013Subject(s): Income inequality | economic growth | transition economies | economic crisisCountries covered: Central, East and Southeast EuropeClassification: C36 | C82 | D63 | F43 | H12 | P36 Online resources: Click here to access online Summary: A new database for the calculation of quarterly income inequality measures was established for 11 economies from Central, East and Southeast Europe for the period of 1st quarter 2000 to 4th quarter 2011. Based on the large panel of the acquired quarterly Gini coefficients an ‘Acemoglu-style’ causal inference analysis on the impact of the global financial crisis on economic growth and income inequality in transition economies was performed. The results suggest that at least in the short and medium run the growth model of transition economies switched to an industrial, export-led growth model as foreign capital flows dried up. While in the private sector wage dispersion further continued to increase during the boom just as during the economic break-down, the public sector acted inequality reducing both in the period of plenty as well as in the age of austerity.

Holdings
Cover image	Item type	Current library	Home library	Collection	Shelving location	Call number	Materials specified	Vol info	URL	Copy number	Status	Notes	Date due	Barcode	Item holds	Item hold queue priority	Course reserves
	Paper	WIIW Library				110 (Browse shelf(Opens below))					Available			1000010003173

Browsing WIIW shelves,Shelving location: Library Close shelf browser (Hides shelf browser)

Previous	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	Next
Previous	109 A Micro Level Perspective of Euroization in Albania	/11 Vilnius Eastern Partnership Summit: A Milestone in EU-Russia Relations – not just for Ukraine	11 Potential Trade in Southeast Europe: A Gravity Model Approach	110 Inequality and the Crisis: A Causal Inference Analysis	111 Analysis of Short and Medium Term Crisis Effects on Welfare and Poverty in SEE: Stress Testing Bulgarian and Romanian Households	112 The Effects of Highway Construction in the Balkans: Insights from the Via Militaris	113 Knowledge-Based Regional Development in Albania and Kosovo - Reducing social and economic disparities through social and economic innovation	Next

A new database for the calculation of quarterly income inequality measures was established for 11 economies from Central, East and Southeast Europe for the period of 1st quarter 2000 to 4th quarter 2011. Based on the large panel of the acquired quarterly Gini coefficients an ‘Acemoglu-style’ causal inference analysis on the impact of the global financial crisis on economic growth and income inequality in transition economies was performed. The results suggest that at least in the short and medium run the growth model of transition economies switched to an industrial, export-led growth model as foreign capital flows dried up. While in the private sector wage dispersion further continued to increase during the boom just as during the economic break-down, the public sector acted inequality reducing both in the period of plenty as well as in the age of austerity.

Click on an image to view it in the image viewer