Factors related to the depth of the latest crisis for EU-27 countries: The key role of relative inequality/poverty

Autor:	George Sfakianakis, Theodore Papadogonas, Demosthenes Georgopoulos
Rok vydání:	2012
Předmět:	Economics and Econometrics Inequality Poverty media_common.quotation_subject Member states Income inequality metrics Development economics Economics Position (finance) Positive relationship Social inequality National level Economic system Finance media_common
Zdroj:	Economics Letters. 116:308-311
ISSN:	0165-1765
DOI:	10.1016/j.econlet.2012.03.017
Popis:	In this paper we investigate the relationship between the intensity of the recent global economic crisis and the current economic position of EU countries on the one hand and relative poverty and/or inequality on the other. Using data from the 27 EU member states we find a link between economic distress during and after the crisis and the degree of inequality/poverty in each country. The results show a strong positive relationship between the size of the economic crisis impact and higher inequality/poverty at the national level. We also find that these indices are more strongly correlated with the crisis variables, compared to four other well known and widely used indices.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::d6fd301497a19fac8880b3f8614d4094 https://doi.org/10.1016/j.econlet.2012.03.017 Zobrazit plný text záznamu Full Text from ScienceDirect