The impact of macroeconomic factors on income inequality : evidence from the BRICS

dc.contributor.authorBerisha, Edmond
dc.contributor.authorGupta, Rangan
dc.contributor.authorMeszaros, John
dc.contributor.emailrangan.gupta@up.ac.zaen_ZA
dc.date.accessioned2020-08-17T08:48:39Z
dc.date.issued2020-09
dc.description.abstractIn this paper we investigate how the evolution of income growth, real interest rates, and inflation have driven income inequality across a variety of countries with particular focus on the BRICS economies (Brazil, Russia, India, China, and South Africa) during the period 2001 to 2015. Our work suggests that, when central banks of the BRICS economies use monetary policy for macroeconomic stabilization, they need to consider the impact monetary policy changes have on the distribution of income in their nations. Our estimates reveal that the unintended consequence of policies that induce economic growth and higher prices is higher income inequality. We find that the positive relationship between the three macroeconomic variables and income inequality for the BRICS economies is stronger during the post-2008 period.en_ZA
dc.description.departmentEconomicsen_ZA
dc.description.embargo2021-09-01
dc.description.librarianhj2020en_ZA
dc.description.urihttp://www.journals.elsevier.com/economic-modellingen_ZA
dc.identifier.citationBerisha, E., Gupta, R. & Meszaros, J. 2019, 'The impact of macroeconomic factors on income inequality : evidence from the BRICS', Economic Modelling, vol. 91, pp. 559-567.en_ZA
dc.identifier.issn0264-9993 (print)
dc.identifier.issn1873-6122 (online)
dc.identifier.other10.1016/j.econmod.2019.12.007
dc.identifier.urihttp://hdl.handle.net/2263/75761
dc.language.isoenen_ZA
dc.publisherElsevieren_ZA
dc.rights© 2020 Elsevier B.V. All rights reserved. Notice : this is the author’s version of a work that was accepted for publication in Economic Modelling. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. A definitive version was subsequently published in Economic Modelling, vol. 91, pp. 559-567, 2020, doi : 10.1016/j.econmod.2019.12.007.en_ZA
dc.subjectBrazil, Russia, India, China, and South Africa (BRICS)en_ZA
dc.subjectMonetary policyen_ZA
dc.subjectInflationen_ZA
dc.subjectIncome growthen_ZA
dc.subjectInterest ratesen_ZA
dc.subjectEmerging economiesen_ZA
dc.titleThe impact of macroeconomic factors on income inequality : evidence from the BRICSen_ZA
dc.typePostprint Articleen_ZA

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