چکیده:
Expansion, utilization and distribution of potential economic opportunities among people have important impacts on the prosperity of each country. Simon Kuznets was the first researcher who systematically examined the relationship between economic growth and income distribution based on the statistical data. According to Kuznets, income inequality will decrease by economic growth in the long term. Therefore, economists focused on economic growth in order to reduce income inequality. However, the Kuznets hypothesis was faced with a serious challenge by publication of Piketty's “Capital” in the twenty-first century. Since, according to Piketty, not only income inequality has not diminished, but also it has increased unprecedentedly in the advanced stages of economic growth and development. In this regard, the aim of this study is to investigate the Thomas Piketty's hypothesis based on the statistical evidence of Iran by using the ARDL econometric method during the period 1975-2015. The results confirm Thomas Piketty's hypothesis according to statistical evidence of Iran. In addition, the effect of non-oil GDP on income inequality is negative and significant, but the impact of oil revenues is positive and significant. War has also led to increased income inequality.
خلاصه ماشینی:
Quarterly Journal of Economic Research (Sustainable Growth and Development) - 20th Year - Issue 1 - Spring 2020 - Pages 23-50 The Impact of Slow Economic Growth on Income Distribution Inequality: With Emphasis on Thomas Piketty's Hypothesis 1 Alireza Kazerooni 2 Hossein Asgharpour 3 Sirvan Tayyebi Received Date: 2018/06/02 Accepted Date: 2019/01/16 Abstract The expansion and utilization of potential economic resources and the manner of their distribution among different segments of society will have a significant impact on the prosperity and flourishing of every country.
Based on these findings, which indicate a resurgence of income inequality in the advanced stages of economic development, Piketty states that the dynamics of wealth distribution show a strong mechanism that periodically moves towards convergence and divergence, and there is no natural or spontaneous process to restrain destabilizing and unequal forces.
The relationship between growth and income inequality in Iran has often been studied based on the Kuznets perspective; however, in this study, the impact of economic growth on income inequality based on Thomas Piketty's hypothesis using the statistical data of the Central Bank of Iran during the period 1975-2015, using the ARDL econometric model is examined; the article is organized as follows: 1.
This coefficient indicates that whenever the rate of return on capital is higher than the economic growth rate, income inequality increases, which means this case confirms the Thomas Piketty hypothesis based on statistical evidence from Iran.
8. Policy Suggestions Based on the results of this study, Thomas Piketty's hypothesis is valid based on statistical evidence in Iran; therefore, whenever the rate of return on capital is higher than the economic growth rate, income inequality increases.
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