{"title":"Economic complexity and income inequality in EU countries","authors":"Boris Cota, N. Erjavec, S. Jakšić","doi":"10.17535/crorr.2023.0007","DOIUrl":null,"url":null,"abstract":"The article studies the relationship between economic complexity and income inequality across EU countries from 1995 to 2020. The analysed period characterises high globalisation in which “new” EU countries experienced a high transformation of their productive structure. Production structure largely determines income distribution and, thus, income inequality. We employed panel data methodology to assess the relationship between economic complexity and income inequality. To control for economic activity and education, GDP per capita and average years of secondary schooling are also included in the analysis. Expectedly, our findings point to the correlation between economic complexity and income inequality in EU countries. However, the results also indicate an opposite effect between the “old” EU member states and a group of “new” EU member states. This finding suggests that “new” EU members needed more economic complexity in the observed period to reduce income inequality.","PeriodicalId":44065,"journal":{"name":"Croatian Operational Research Review","volume":" ","pages":""},"PeriodicalIF":0.5000,"publicationDate":"2023-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Croatian Operational Research Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.17535/crorr.2023.0007","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The article studies the relationship between economic complexity and income inequality across EU countries from 1995 to 2020. The analysed period characterises high globalisation in which “new” EU countries experienced a high transformation of their productive structure. Production structure largely determines income distribution and, thus, income inequality. We employed panel data methodology to assess the relationship between economic complexity and income inequality. To control for economic activity and education, GDP per capita and average years of secondary schooling are also included in the analysis. Expectedly, our findings point to the correlation between economic complexity and income inequality in EU countries. However, the results also indicate an opposite effect between the “old” EU member states and a group of “new” EU member states. This finding suggests that “new” EU members needed more economic complexity in the observed period to reduce income inequality.
期刊介绍：
Croatian Operational Research Review (CRORR) is the journal which publishes original scientific papers from the area of operational research. The purpose is to publish papers from various aspects of operational research (OR) with the aim of presenting scientific ideas that will contribute both to theoretical development and practical application of OR. The scope of the journal covers the following subject areas: linear and non-linear programming, integer programing, combinatorial and discrete optimization, multi-objective programming, stohastic models and optimization, scheduling, macroeconomics, economic theory, game theory, statistics and econometrics, marketing and data analysis, information and decision support systems, banking, finance, insurance, environment, energy, health, neural networks and fuzzy systems, control theory, simulation, practical OR and applications. The audience includes both researchers and practitioners from the area of operations research, applied mathematics, statistics, econometrics, intelligent methods, simulation, and other areas included in the above list of topics. The journal has an international board of editors, consisting of more than 30 editors – university professors from Croatia, Slovenia, USA, Italy, Germany, Austria and other coutries.
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