Open AccessQuantifying the Relationship Between GDP Per Capita and Inequality in the Balkan Region
Author(s) -
Edgar J. Saucedo-Acosta
Publication year - 2021
Publication title -
international journal of business and economic sciences applied research
Language(s) - English
Resource type - Journals
eISSN - 2408-0101
pISSN - 2408-0098
DOI - 10.25103/ijbesar.142.01
Subject(s) - economics , inequality , per capita , stock (firearms) , economic inequality , human capital , demographic economics , per capita income , development economics , economic growth , geography , population , demography , sociology , mathematics , mathematical analysis , archaeology
Purpose:The paper aims to estimate the effect of inequality on the economic growth of Balkan countries for the period 2001-2017. In addition, the effect of capital stock on GDP per capita (GDPpc) for the Balkan countries was estimated. The low level of financial inclusion on the Balkan region produces an underinvestment of human capital and affects the low-income households, leading to an increase in inequality. Low levels of equality and capital stock negatively impact economic growth.
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom