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Income inequality and economic growth
Mälardalen University, School of Business, Society and Engineering.
Mälardalen University, School of Business, Society and Engineering.
2024 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
Inkomstojämlikhet och ekonomisk tillväxt (Swedish)
Abstract [en]

The relationship between GDP growth rate and income distribution has been the primary subject of many economic theories and research projects. Using regression analysis and correlation studies to look at data for 1975 and 2009, this thesis explores the relationship between economic development, income disparity, and investments in physical capital, with an emphasis on socioeconomic status. Drawing from the neoclassical growth model and theoretical frameworks, the study explores how various factors influence the growth rate of real Gross Domestic Product (GDP) per capita. The results highlight the significant role of investment in physical capital in driving economic growth, while also emphasizing the detrimental effects of income inequality and poverty. Through comprehensive analysis, the thesis provides insights into the complex interplay between economic growth, investment, inequality, and socioeconomic status. These findings contribute to both academic research and policy formulation, informing efforts to foster sustainable and inclusive economic growth. Ultimately, the study underscores the importance of addressing income inequality and leveraging the potential of economic growth to benefit all segments of society.

Place, publisher, year, edition, pages
2024.
Keywords [en]
Income inequality, Economic Growth, Real GDP per capita, Gini Coefficient, Kuznets curve, Solow growth model.
National Category
Economics and Business Economics
Identifiers
URN: urn:nbn:se:mdh:diva-67991OAI: oai:DiVA.org:mdh-67991DiVA, id: diva2:1881265
Subject / course
Economics
Supervisors
Examiners
Available from: 2024-07-03 Created: 2024-07-02 Last updated: 2024-07-03Bibliographically approved

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