Relationship between inequality and economic growth in countries highly dependent on oil exports

Abstract

This section of the work is devoted to the analysis of the relationship between inequality and economic growth in countries with a high dependence on oil exports. In this section, as in the first part of the study, approaches to modeling the relationship of various types of inequality, mainly related to income inequality in countries with a high dependence on oil exports, are considered, but not from the point of view of the quality of the institutional development of the countries under study, but in the context of dependence of the formation of the revenue part of the country's budget on the export of hydrocarbon energy. Thus, the purpose of this study was to determine the place and role of oil revenues in modeling the relationship between income inequality and economic growth in oil exporting countries and to quantify their significance in reducing inequality in the country and increasing economic growth rates.

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