RT info:eu-repo/semantics/article
T1 Unemployment and long-run economic growth: the role of income inequality and urbanisation
T2 Desempleo y crecimiento económico a largo plazo: el papel de la desigualdad de ingresos y la urbanización
A1 Castells Quintana, David
A1 Royuela Mora, Vicente
K1 Unemployment
K1 Urbanization
K1 Inequality
K1 Economic growth
K1 Desempleo
K1 Urbanización
K1 Desigualdad
K1 Crecimiento económico
K1 Economía
K1 Economics
K1 Geografía
K1 Geography
K1 Sociología
K1 Sociology
AB Two of the most dramatic aspects of the current economic crisis are with no doubt the experience of high and persistent rates of unemployment and the accelerated pace at which inequalities increase. But high and persistent levels of unemployment and increasing inequality are more than a consequence of scarceropportunities related to the crisis; they can also be negative determinants for subsequent long-run economic growth. In this work, we consider unemployment and income inequality, and interactions between both, as possible determinants of longrun growth by using cross-sectional international data. Our results suggest that: 1) while initial high unemployment rates do not seem to be statistically significant to explain long-run growth, they do have a negative and significant effect when interacting with increases in inequality. 2) When we differentiate based on levels of urbanization, increasing inequality harms growth in countries with high levels of urbanization, as well as in countries with low levels of urbanization in which there is high and persistent unemployment.
PB Asociación Española de Ciencia Regional (AECR)
SN 2340-2717
YR 2012
FD 2012
LK http://hdl.handle.net/10017/27066
UL http://hdl.handle.net/10017/27066
LA eng
DS MINDS@UW
RD 25-abr-2024