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Structural Change And Income Distribution
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Book Synopsis Kuznets beyond Kuznets by : Saumik Paul
Download or read book Kuznets beyond Kuznets written by Saumik Paul and published by Brookings Institution Press. This book was released on 2018-12-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simon Kuznets’ views about the inverted-U relationship between inequality and development and the process of structural transformation have long been under the lens of researchers. Over the last 20 years, immense potential for growth in Asia has been facilitated by structural transformation. However, it remains undecided whether the contribution of structural transformation will stay as a crucial factor in determining potential productivity growth and income distribution. This book brings together novel conceptual frameworks and empirical evidence from country case studies on topics related to structural transformation, globalization, and income inequality.
Book Synopsis Structural Change, Market Concentration, and Inequality by : Yasuyuki Osumi
Download or read book Structural Change, Market Concentration, and Inequality written by Yasuyuki Osumi and published by Springer Nature. This book was released on with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis New Perspectives on Structural Change by : Ludovico Alcorta
Download or read book New Perspectives on Structural Change written by Ludovico Alcorta and published by Oxford University Press. This book was released on 2021-03-23 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt: New Perspectives on Structural Change is a comprehensive edited volume that outlines both the historical roots and state-of-the-art debates on the role of structural change in the process of economic development, including both orthodox and heterodox perspectives and contributions from prominent scholars in this field. The volume consists of four main sections. The first section covers the theoretical foundations of the structural change literature. The second section presents an empirical overview of the major trends of structural change, using up-to-date data sources and methods. The third section presents a broad ranging empirical analysis of the drivers of structural change. The fourth section examines how processes such as inclusive growth, poverty reduction, productive employment, the global income distribution, and environmental sustainability are affected by structural change, and how they can be influenced by policy.
Book Synopsis Economic Structural Change by : Peter Hackl
Download or read book Economic Structural Change written by Peter Hackl and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural change is a fundamental concept in economic model building. Statistics and econometrics provide the tools for identification of change, for estimating the onset of a change, for assessing its extent and relevance. Statistics and econometrics also have de veloped models that are suitable for picturing the data-generating process in the presence of structural change by assimilating the changes or due to the robustness to its presence. Important subjects in this context are forecasting methods. The need for such methods became obvious when, as a consequence of the oil price shock, the results of empirical analyses suddenly seemed to be much less reliable than before. Nowadays, economists agree that models with fixed structure that picture reality over longer periods are illusions. An example for less dramatic causes than the oil price shock with similarly profound effects is economic growth and its impacts on the economic system. Indeed, economic growth was a motivating concept for this volume. In 1983, the International Institute for Applied Systems Analysis (IIASA) in Laxen burg/ Austria initiated an ambitious project on "Economic Growth and Structural Change".
Book Synopsis The Developer's Dilemma by : Armida Salsiah Alisjahbana
Download or read book The Developer's Dilemma written by Armida Salsiah Alisjahbana and published by Oxford University Press. This book was released on 2023-02-09 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Developing countries seek economic development which is broad-based or inclusive in the sense that it raises the income of all, especially the poor. Yet this is at odds with Simon Kuznets' hypothesis that economic development tends to put upward pressure on income inequality, at least initially and in the absence of countervailing policies. The Developer's Dilemma explores this 'Kuznetsian tension' between structural transformation and income inequality. The book asks: what are the varieties of structural transformation that have been experienced in developing countries? What inequality dynamics are associated with each variety of structural transformation? And what policies have been utilized to manage trade-offs between structural transformation, income inequality, and inclusive growth? Across nine country cases written by academics across the Global South, this book answers these questions using a comparative case study approach with a common analytical framework and a set of common datasets. The intended intellectual contribution of the book is to provide a comparative analysis of the relationship between structural transformation, income inequality, and inclusive growth; to do so empirically at a regional and national level, and to draw conclusions about the varieties of structural transformation, their inequality dynamics, and the policies that have been employed to mediate the developer's dilemma.
Book Synopsis Structural Change and Income Distribution by : Guanghua Wan
Download or read book Structural Change and Income Distribution written by Guanghua Wan and published by . This book was released on 2017 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores the relationship between inequality and structural transformation by constructing a theoretical model, developing analytical frameworks, and implementing a case study. The general equilibrium model we develop demonstrates that inequality exhibits an inverted U shape as structural change proceeds from onset to completion. Our analytical frameworks enable decomposition of total inequality into sector contributions and a change in total inequality into a component attributable to structural transformation and the other component to concentration or spatial agglomeration. Applying the decomposition frameworks to data from the People's Republic of China yield various interesting findings and more importantly confirms the inverted U shape as predicted by our theoretical model.
Book Synopsis Growth and Structural Transformation by : Kwang Suk Kim
Download or read book Growth and Structural Transformation written by Kwang Suk Kim and published by BRILL. This book was released on 2020-03-17 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of development to the colonial period. The authors explore in detail colonial development, changing national income patterns, relative price shifts, sources of aggregate growth, and sources of sectoral structural change, comparing them with other countries.
Book Synopsis Income Inequality in Singapore by : V. V. Bhanoji Rao
Download or read book Income Inequality in Singapore written by V. V. Bhanoji Rao and published by NUS Press. This book was released on 1980 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study analysing changes in income distributions in Singapore during the period 1966-1975 and its impact on economic growth and structural change.
Book Synopsis Structural Change of Production and Consumption by :
Download or read book Structural Change of Production and Consumption written by and published by . This book was released on 2008 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a theoretical model/framework for the analysis of the concomitant effects of structural changes in both production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop an evolutionary model with agentbased microfoundations. At the core of the model we take into account: (i) firmlevel organisational structure and technological changes; (ii) the impact of technology and organisation on the structure of earnings and income of workers/consumers; and (iii) the consequent changes in consumption patterns. The model thus articulates the links between production and organisation structures on the supply side, and the endogenous evolution of income distribution and consumption patterns on the demand side. We first analyse the model's properties, via numerical simulations, for a given setting of the structural conditions; we graphically show that the main determinants of endogenous economic growth and takeoff are the structural variables. We then analyse the space of the parameters that determine the structural conditions; simplified scenarios are identified via numerical simulations, in which patterns of aggregate growth are obtained as an emerging property of different structures of firms' organisation and production, functional composition of employment, income distribution and patterns of consumption. -- Structural change ; consumption ; earnings distribution ; growth
Book Synopsis Distribution and Development by : Gary S. Fields
Download or read book Distribution and Development written by Gary S. Fields and published by MIT Press. This book was released on 2002-07-26 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most of the world's people live in "developing" economies, as do most of the world's poor. The predominant means of economic development is economic growth. In this book Gary Fields asks to what extent and in what circumstances economic growth improves the material standard of living of a country's people. Most development economists agree that economic growth raises the incomes of people in all parts of the income distribution and lowers the poverty rate. At the same time, some groups lose out because of changes accompanying economic growth. Fields examines these beliefs, asking what variables should be measured to determine whether progress is being made and what policies and circumstances cause some countries to do better than others. He also shows how the same data can be interpreted to reach different, even conflicting, conclusions. Using both theoretical and empirical approaches, Fields defines and examines inequality, poverty, income mobility, and economic well-being. Finally, he considers various policies for broad-based growth. Copublished with the Russell Sage Foundation.
Book Synopsis Structural Change and Income Inequality - Agricultural Development and Inter-Sectoral Dualism in the Developing World, 1960-2010 by : Martin Andersson
Download or read book Structural Change and Income Inequality - Agricultural Development and Inter-Sectoral Dualism in the Developing World, 1960-2010 written by Martin Andersson and published by . This book was released on 2016 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural change consists of the long-term changes in the sectoral composition of output and employment. We introduce a structural change perspective to the study of income inequality in 27 countries of the developing world for the period 1960-2010. The service sector has become the main employer, but the agricultural sector is central to the income distribution because poverty is mostly rural, and the labor surplus is high. We decompose the sectoral composition of aggregate labor productivity at the country level, divide the countries into agrarian, dual (beginner, intermediate and advanced), and mature economies and use the inter-sectoral productivity gap to test the effect of structural change on income inequality. We confirm increases in agricultural productivity everywhere and find that the inter-sectoral gap is positively associated with income inequality. The effect is negligible in agrarian and advanced economies but powerful in dual beginner economies: an increase of 1% in the inter-sectoral gap increases income inequality by 0.5%. The effect peters out in dual intermediate economies and disappears completely in dual advanced economies. Finally, redistribution has been the key to compensating the losers in the income changes, particularly for those entering the non-agricultural economy.
Book Synopsis Deindustrialization, Distribution, and Development by : Andy Sumner
Download or read book Deindustrialization, Distribution, and Development written by Andy Sumner and published by Oxford University Press. This book was released on 2021-09-23 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term rust belt has rarely been associated with developing countries. In fact, it is commonly used to discuss deindustrialization in advanced nations, particularly the US. However, this book argues that such a belt is now threatening the middle-income developing world, spreading across Brazil and other countries in Latin America, running down across South Africa, and then upwards to Malaysia, Indonesia, Thailand, and the Philippines in South East Asia. Deindustrialization, Distribution, and Development: Structural Change in the Global South explores the emergent processes of stalled industrialization and the spectre of deindustrialization in these developing countries. Building upon the author's previous work on economic development, structural change, and income inequality, this book examines the causes and consequences of these new issues, focusing on inequality both between and within countries since the Cold War. Providing a comparative, in-depth analysis of the varieties of contemporary structural change in the Global South and challenging many long-standing myths, this work explains why late development remains a crucial concept in understanding contemporary development and explores what deindustrialization means for the future of global development.
Book Synopsis Income Distribution and High-quality Growth by : Vito Tanzi
Download or read book Income Distribution and High-quality Growth written by Vito Tanzi and published by MIT Press. This book was released on 1998 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors argue that there need not be a trade-off between growth and equity in the long run. However, attempts by government to influence income distribution through large-scale tax and transfer programs can have a negative impact on growth. The contrast is vivid. While the majority of people in the industrial world and some in the developing world enjoy unprecedented affluence, a far greater number of people in the low-income countries live in abject poverty. Although several developing countries are achieving rapid economic growth and poverty reduction, most formerly centrally planned countries are struggling to implement market-oriented reforms in the midst of economic deterioration and rising poverty. The paramount importance of reducing poverty worldwide is forcing economists and policymakers to look at how income distribution and economic growth interact. The essays in this volume grew out of a 1995 conference sponsored by the International Monetary Fund. The contributors are scholars and policymakers from academic institutions, governments, and international organizations. The questions discussed include: How does income distribution interact with economic growth in the short run and the long run? To what extent can government use transfer programs to increase the incomes of the poor? How can government use social programs to help the poor increase their income-earning capacity? Does distributional inequality create an obstacle to long-term poverty reduction? Alternatively, is distributional inequality a necessary means of achieving economic growth? Generally, the contributors agree that there need not be a trade-off between growth and equity in the long run. However, attempts by government to influence income distribution through large-scale tax and transfer programs can have a negative impact on growth.
Book Synopsis The Future of the World Economy by : Wilhelm Krelle
Download or read book The Future of the World Economy written by Wilhelm Krelle and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth and structural change - the future of the world economy - is analysed in this book. Conditional forecasts are given for the economic development of the most important world market countries till the year 2000. The driving forces of economic growth are identified and forecasted, in connection with collaborating scholars in most of these countries and with international organizations. This information is used in solving a coherent world model. The model consists of linked growth models for each country (or groups of countries). The solutions show that the inequality in international income distribution will further increase and that the CMEA and OECD countries will approximately keep their relative positions, with some changes within these groups. Structural change is also analysed. Additionally separate forecasts prepared by each collaborating country group are given and may be compared with the forecasts by the world model. The book closes with chapters on special features of the future economic development: on the international debt problem, on long waves, on structural change in the world trade, on the emergence of service economics and on the comparison of GDP and NMP national accounting.
Book Synopsis Structural Adjustment and Income Distribution by : Azizur Rahman Khan
Download or read book Structural Adjustment and Income Distribution written by Azizur Rahman Khan and published by International Labour Organization. This book was released on 1993 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural adjustment and economic stabilization programmes are alleged in many developing countries to have imposed a high social cost in terms of the distribution of income and the incidence of poverty.; This study develops a framework for selecting appropriate instruments to optimize efficiency and equity in these countries, as well as those in transition to a market economy.
Book Synopsis Causes and Consequences of Income Inequality by : Ms.Era Dabla-Norris
Download or read book Causes and Consequences of Income Inequality written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-06-15 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
Book Synopsis Macroeconomic Inequality from Reagan to Trump by : Lance Taylor
Download or read book Macroeconomic Inequality from Reagan to Trump written by Lance Taylor and published by Cambridge University Press. This book was released on 2020-08-20 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: An innovative approach to measuring inequality providing the first full integration of distributional and macro level data for the US.
