Income Inequality, Urban Size and Economic Growth in OECD Regions

The purpose of this paper is to understand how income inequality is associated with economic growth in OECD regions and whether the degree and type of urban concentration affects this relationship. Both income inequality and urban concentration can be seen as patterns of resource allocation that are...

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Bibliographic Details
Main Author: Royuela, Vicente (-)
Other Authors: Veneri, Paolo, Ramos, Raul
Format: eBook Section
Language:Inglés
Published: Paris : OECD Publishing 2014.
Series:OECD Regional Development Working Papers, no.2014/10.
Subjects:
See on Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009704547006719
Description
Summary:The purpose of this paper is to understand how income inequality is associated with economic growth in OECD regions and whether the degree and type of urban concentration affects this relationship. Both income inequality and urban concentration can be seen as patterns of resource allocation that are particularly interlinked at the regional level. We combine household survey data and macroeconomic databases, covering a period ranging from 2004 to 2012 for comparable regions in 15 OECD countries. Econometric results show that, at least for the short period under consideration, there is a general negative association between inequalities and economic growth, especially since the start of the economic crisis. This relationship is sensitive to the type of urban structure. Higher inequalities seem to be more detrimental for growth in large cities, while regions characterised by small cities and rural areas are less affected.
Physical Description:1 online resource (33 p. )