Controversial evidence approach regarding the relationship between income inequality and economic growth highlights the need for investigating such nexus in the case of the Republic of North Macedonia by utilizing quarterly time series data for time spin 2000-2018. In this regard, the main purpose of the paper indicates the testing of the long-run effects of income inequality on the economic growth, accomplished through the employment of Vector Error Correction Model, while Granger causality test is performed in order to determine the direction of such nexus. Further, empirical findings reveal the existence of a long-run negative significant relationship between income inequality and economic growth in the Republic of North Macedonia. Finally, empirical findings of short-run and long-run dynamics regarding the nexus between income inequality and economic growth in the Republic of North Macedonia concerns its current and future strategies and its contribution to the existing literature rather than solving the debate.
|3 Nisan 2020
|30 Ocak 2020
|30 Mart 2020
|Yıl 2019 Cilt: 2 Sayı: 2
InTraders Uluslararası Ticaret Akademik Dergisi
Prof. Dr. Adriana BURLEA-SCHIOPOIU, University of Craiova, Romania
Prof. Dr. Tulus Suryanto, Universitas Islam Negeri Raden Intan Lampung, Indonesia
Assoc. Prof. Dr., Liza ALILI SULEJMANI, International Balkan University, Macedonia
PhD Faculty Member, Ali YILDIZ, Muğla Sıtkı Koçman University, Türkiye
Dr. Instructor Sobia HASSAN, Lahore College For Women University, Pakistan
InTraders International Trade Academic Journal isimli yazarın InTraders International Trade Academic Journal başlıklı eseri bu Creative Commons Atıf-GayriTicari 4.0 Uluslararası Lisansı ile lisanslanmıştır.