The Influence of Income Inequalities on Socio-Economic Development in the European Union

Recently, there has been observed intensified research on the impact of income inequalities on aspects of socio-economic development in the European Union. However, there are no comprehensive analyses concerning the relationship between these phenomena. Therefore the subject of the paper is the infl...

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Main Author: Michał Litwiński
Format: Article
Language:English
Published: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu 2019-01-01
Series:Ekonometria
Online Access:https://journals.ue.wroc.pl/eada/article/view/890
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author Michał Litwiński
author_facet Michał Litwiński
author_sort Michał Litwiński
collection DOAJ
description Recently, there has been observed intensified research on the impact of income inequalities on aspects of socio-economic development in the European Union. However, there are no comprehensive analyses concerning the relationship between these phenomena. Therefore the subject of the paper is the influence of income inequalities on socio-economic development. The author would like to verify the hypothesis that the character of the impact of income inequalities on socioeconomic development in the European Union is negative. Analysis was conducted for the European Union in 2004-2017 using the panel data model, also estimated was the synthetic indicator of socioeconomic development. The research conducted in the paper leads to ambiguous conclusions. On the one hand, inequalities measured for the whole distribution of income have no influence on socioeconomic development in the European Union. However, the income gap between the richest and the poorest hinders the mentioned phenomenon.(original abstract)
format Article
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publisher Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
record_format Article
series Ekonometria
spelling doaj-art-8df15eb7c1ce468db60b768ff376a9d42025-08-20T02:16:39ZengWydawnictwo Uniwersytetu Ekonomicznego we WrocławiuEkonometria2449-99942019-01-01nr 1891The Influence of Income Inequalities on Socio-Economic Development in the European UnionMichał Litwiński0Poznań University of Economics and Business, PolandRecently, there has been observed intensified research on the impact of income inequalities on aspects of socio-economic development in the European Union. However, there are no comprehensive analyses concerning the relationship between these phenomena. Therefore the subject of the paper is the influence of income inequalities on socio-economic development. The author would like to verify the hypothesis that the character of the impact of income inequalities on socioeconomic development in the European Union is negative. Analysis was conducted for the European Union in 2004-2017 using the panel data model, also estimated was the synthetic indicator of socioeconomic development. The research conducted in the paper leads to ambiguous conclusions. On the one hand, inequalities measured for the whole distribution of income have no influence on socioeconomic development in the European Union. However, the income gap between the richest and the poorest hinders the mentioned phenomenon.(original abstract)https://journals.ue.wroc.pl/eada/article/view/890
spellingShingle Michał Litwiński
The Influence of Income Inequalities on Socio-Economic Development in the European Union
Ekonometria
title The Influence of Income Inequalities on Socio-Economic Development in the European Union
title_full The Influence of Income Inequalities on Socio-Economic Development in the European Union
title_fullStr The Influence of Income Inequalities on Socio-Economic Development in the European Union
title_full_unstemmed The Influence of Income Inequalities on Socio-Economic Development in the European Union
title_short The Influence of Income Inequalities on Socio-Economic Development in the European Union
title_sort influence of income inequalities on socio economic development in the european union
url https://journals.ue.wroc.pl/eada/article/view/890
work_keys_str_mv AT michałlitwinski theinfluenceofincomeinequalitiesonsocioeconomicdevelopmentintheeuropeanunion
AT michałlitwinski influenceofincomeinequalitiesonsocioeconomicdevelopmentintheeuropeanunion