Inequality And The Process Of Economic Growth

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Inequality and Growth

Author : Theo S. Eicher
Publisher : MIT Press
ISBN 13 : 0262550644
Total Pages : 343 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Inequality and Growth by : Theo S. Eicher

Download or read book Inequality and Growth written by Theo S. Eicher and published by MIT Press. This book was released on 2007-01-26 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growth, however, may not be shared equally. Some may gain less than others, and a fraction of the population may actually be disadvantaged. Recent economic research has found both positive and negative relationships between growth and inequality across nations. The questions raised by these results include: What is the impact on inequality of policies designed to foster growth? Does inequality by itself facilitate or detract from economic growth, and does it amplify or diminish policy effectiveness? This book provides a forum for economists to examine the theoretical, empirical, and policy issues involved in the relationship between growth and inequality. The aim is to develop a framework for determining the role of public policy in enhancing both growth and equality. The diverse range of topics, examined in both developed and developing countries, includes natural resources, taxation, fertility, redistribution, technological change, transition, labor markets, and education. A theme common to all the essays is the importance of education in reducing inequality and increasing growth.

Links Between Growth, Inequality, and Poverty: A Survey

Author : Ms. Valerie Cerra
Publisher : International Monetary Fund
ISBN 13 : 1513572660
Total Pages : 54 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Links Between Growth, Inequality, and Poverty: A Survey by : Ms. Valerie Cerra

Download or read book Links Between Growth, Inequality, and Poverty: A Survey written by Ms. Valerie Cerra and published by International Monetary Fund. This book was released on 2021-03-12 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.

Redistribution, Inequality, and Growth

Author : Mr.Jonathan David Ostry
Publisher : International Monetary Fund
ISBN 13 : 1484397657
Total Pages : 30 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Redistribution, Inequality, and Growth by : Mr.Jonathan David Ostry

Download or read book Redistribution, Inequality, and Growth written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2014-02-17 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund’s mandate is providing advice that will enable members’ economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called “leaky bucket” hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore—as Okun and others have—that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion.

Inequality and the Process of Economic Growth

Author : Arshad Bhatti
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Inequality and the Process of Economic Growth by : Arshad Bhatti

Download or read book Inequality and the Process of Economic Growth written by Arshad Bhatti and published by . This book was released on 2014 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the relationship between inequality and growth in the context of a unified empirical approach suggested by the theoretical model of Galor and Moav (2004). Based on that model, we construct a new measure, the human capital to physical capital ratio, which is used to study threshold effects in the inequality-growth relationship. Methodologically, we use threshold regression with instruments, developed by Caner and Hansen (2004), which allows us to endogenously identify the threshold human capital to physical capital ratio that alters the inequality-growth relationship. Using data on 82 countries, our results show that there exist significant threshold effects, with a level of the human capital to physical capital ratio below which the effect of inequality on growth is positive and significant, whereas it is negative and significant above it. We also test the robustness of our results using different measures of the human capital to physical capital ratio. These results are consistent with the theoretical predictions of Galor and Moav (2004).

National Income and Outlay

Author : Colin Clark
Publisher : Routledge
ISBN 13 : 1136919864
Total Pages : 325 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis National Income and Outlay by : Colin Clark

Download or read book National Income and Outlay written by Colin Clark and published by Routledge. This book was released on 2019-08-16 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1937. An update of ‘The National Income’ 1924-1931. This volume collates four years of continuous work on the question of amount of expenditure on certain commodities, including new data on income from since 1932, including the Occupation and Industry volumes of the 1931 Census.

Threshold Effects of Inequality on the Process of Economic Growth

Author : Arshad Ali Bhatti
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Threshold Effects of Inequality on the Process of Economic Growth by : Arshad Ali Bhatti

Download or read book Threshold Effects of Inequality on the Process of Economic Growth written by Arshad Ali Bhatti and published by . This book was released on 2015 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Contribution to the Empirics of Economic Development

Author : Klaus Gründler
Publisher : BoD – Books on Demand
ISBN 13 : 3958260721
Total Pages : 302 pages
Book Rating : 4.9/5 (582 download)

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Book Synopsis A Contribution to the Empirics of Economic Development by : Klaus Gründler

Download or read book A Contribution to the Empirics of Economic Development written by Klaus Gründler and published by BoD – Books on Demand. This book was released on 2018-06-08 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are some nations rich and others poor? What are the sources of long-run economic development and growth? How can living standards be increased? In this book, Klaus Gründler empirically analyses these central economic questions and puts a particular emphasis on the role of technology, inequality, and political institutions. To substantiate his empirical studies, he introduces a new method to compute composite measures and indices that is based on mathematical algorithms from the field of machine learning.

Causes and Consequences of Income Inequality

Author : Ms.Era Dabla-Norris
Publisher : International Monetary Fund
ISBN 13 : 1513547437
Total Pages : 39 pages
Book Rating : 4.5/5 (135 download)

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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.

Inequality and Economic Development

Author : Oded Galor
Publisher : Edward Elgar Publishing
ISBN 13 : 9781847206763
Total Pages : 0 pages
Book Rating : 4.2/5 (67 download)

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Book Synopsis Inequality and Economic Development by : Oded Galor

Download or read book Inequality and Economic Development written by Oded Galor and published by Edward Elgar Publishing. This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the importance of inequality and development. This book explores human capital formation, gender inequality, landownership, ethical division and political transitions.

Inequality and Growth

Author : Francesco Grigoli
Publisher : International Monetary Fund
ISBN 13 : 1475569041
Total Pages : 33 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Inequality and Growth by : Francesco Grigoli

Download or read book Inequality and Growth written by Francesco Grigoli and published by International Monetary Fund. This book was released on 2017-01-18 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a heterogeneous panel structural vector autoregression model, which addresses some empirical challenges plaguing the literature. We find that income inequality is converging across countries, and that its impact on economic growth is heterogeneous. In particular, while the median response of real per capita GDP growth to shocks in income inequality is negative and significant, the dispersion around the estimates is large, with at least one fourth of the countries in the sample presenting a positive effect. The results suggest that the negative effect is mainly driven by the Middle East and Central Asia and the Western Hemisphere across regions, and emerging markets across income levels. Finally, we find evidence that improved institutional frameworks can reduce the negative effect of income inequality on growth.

Unbound

Author : Heather Boushey
Publisher :
ISBN 13 : 0674919319
Total Pages : 305 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis Unbound by : Heather Boushey

Download or read book Unbound written by Heather Boushey and published by . This book was released on 2019 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many fear that efforts to address inequality will undermine the economy as a whole. But the opposite is true: rising inequality has become a drag on growth and an impediment to market competition. Heather Boushey breaks down the problem and argues that we can preserve our nation's economic traditions while promoting shared economic growth.

Inequality, Democracy, and Economic Development

Author : Manus I. Midlarsky
Publisher : Cambridge University Press
ISBN 13 : 9780521576758
Total Pages : 388 pages
Book Rating : 4.5/5 (767 download)

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Book Synopsis Inequality, Democracy, and Economic Development by : Manus I. Midlarsky

Download or read book Inequality, Democracy, and Economic Development written by Manus I. Midlarsky and published by Cambridge University Press. This book was released on 1997-12-04 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the sources of democracy, the relationship between economic development and thresholds of democracy, and responses to democratization.

Capitalism and Inequality

Author : G.P. Manish
Publisher : Routledge
ISBN 13 : 1000283887
Total Pages : 245 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Capitalism and Inequality by : G.P. Manish

Download or read book Capitalism and Inequality written by G.P. Manish and published by Routledge. This book was released on 2020-12-29 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capitalism and Inequality rejects the popular view that attributes the recent surge in inequality to a failure of market institutions. Bringing together new and original research from established scholars, it analyzes the inequality inherent in a free market from an economic and historical perspective. In the process, the question of whether the recent increase in inequality is the result of crony capitalism and government intervention is explored in depth. The book features sections on theoretical perspectives on inequality, the political economy of inequality, and the measurement of inequality. Chapters explore several key questions such as the difference between the effects of market-driven inequality and the inequality caused by government intervention; how the inequality created by regulation affects those who are less well-off; and whether the economic growth that accompanies market-driven inequality always benefits an elite minority while leaving the vast majority behind. The main policy conclusions that emerge from this analysis depart from those that are currently popular. The authors in this book argue that increasing the role of markets and reducing the extent of regulation is the best way to lower inequality while ensuring greater material well-being for all sections of society. This key text makes an invaluable contribution to the literature on inequality and markets and is essential reading for students, scholars, and policymakers.

From Physical to Human Capital Accumulation

Author : Oded Galor
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.X/5 (6 download)

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Book Synopsis From Physical to Human Capital Accumulation by : Oded Galor

Download or read book From Physical to Human Capital Accumulation written by Oded Galor and published by . This book was released on 1999 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Impact of Economic Growth on Income Inequalities

Author : Dastgir Alam
Publisher : GRIN Verlag
ISBN 13 : 3656003181
Total Pages : 20 pages
Book Rating : 4.6/5 (56 download)

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Book Synopsis Impact of Economic Growth on Income Inequalities by : Dastgir Alam

Download or read book Impact of Economic Growth on Income Inequalities written by Dastgir Alam and published by GRIN Verlag. This book was released on 2011-09-09 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2011 in the subject Business economics - Economic Policy, Aligarh Muslim University (Department of Economics), language: English, abstract: Abstract Since the ages inequalities in income distribution have been both a fact and a major cause of concern for world community. India, being a part of this world also suffers from this problem. To solve it India started the process of planning in 1950 and since then planners are making their best efforts to reduce the prevalence of income inequalities. The present study revealed that in comparison to rural areas, the problem of income inequalities has always been higher in urban areas. In rural areas economic growth is proved very important in solving the problem of inequalities but only before the economic reforms. After the economic reforms, economic growth has failed to address the problem of inequality in income distribution. The study has further found that in urban areas, it is not the economic growth but the differential growth of the various sectors which is affecting the level inequalities in income distribution. Key Words: Inequalities, Income Distribution, Income Inequalities, Economic Growth, Economic Reforms, Differential Growth.

The Mystery of Economic Growth

Author : Elhanan Helpman
Publisher : Harvard University Press
ISBN 13 : 067425435X
Total Pages : 252 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis The Mystery of Economic Growth by : Elhanan Helpman

Download or read book The Mystery of Economic Growth written by Elhanan Helpman and published by Harvard University Press. This book was released on 2010-05-01 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Far more than an intellectual puzzle for pundits, economists, and policymakers, economic growth--its makings and workings--is a subject that affects the well-being of billions of people around the globe. In The Mystery of Economic Growth, Elhanan Helpman discusses the vast research that has revolutionized understanding of this subject in recent years, and summarizes and explains its critical messages in clear, concise, and accessible terms. The tale of growth economics, as Helpman tells it, is organized around a number of themes: the importance of the accumulation of physical and human capital; the effect of technological factors on the rate of this accumulation; the process of knowledge creation and its influence on productivity; the interdependence of the growth rates of different countries; and, finally, the role of economic and political institutions in encouraging accumulation, innovation, and change. One of the leading researchers of economic growth, Helpman succinctly reviews, critiques, and integrates current research--on capital accumulation, education, productivity, trade, inequality, geography, and institutions--and clarifies its relevance for global economic inequities. In particular, he points to institutions--including property rights protection, legal systems, customs, and political systems--as the key to the mystery of economic growth. Solving this mystery could lead to policies capable of setting the poorest countries on the path toward sustained growth of per capita income and all that that implies--and Helpman's work is a welcome and necessary step in this direction.

Inequality of Opportunity

Author : Juan Gabriel Rodríguez
Publisher : Emerald Group Publishing
ISBN 13 : 1780520344
Total Pages : 259 pages
Book Rating : 4.7/5 (85 download)

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Book Synopsis Inequality of Opportunity by : Juan Gabriel Rodríguez

Download or read book Inequality of Opportunity written by Juan Gabriel Rodríguez and published by Emerald Group Publishing. This book was released on 2011-10-12 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eight papers, both theoretical and applied, on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort.