ScholarWorks@숙명여자대학교

초록

This study analyzes the effect of structrual reforms on income inequality using country panel data. It is also examined by a threshold regression whether the effect of structural reform on economic growth varies according to how serious income inequality. It turns out that raising ‘freedom of business’ causes more unequal income distribution while increasing ‘public spending for job training’ improves income inequality. The more severe income inequality a country has, the larger effect on economic growth ‘efficiency of competition legislation’ and ‘enrollment to tertiary education’ bring. These empirical findings suggest that Korean government needs to examine the effect of each structural reform measure on income inequality to proceed structural reforms successfully which are essential for sustainable economic growth.

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