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Growing (Un)equal: Fiscal Policy and Income Inequality in China and BRIC+
Cevik, Serhan; Correa-Caro, Carolina - International Monetary Fund (IMF) - 2015
This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over …€”an inverted Ushaped relationship between income inequality and economic development—in China and the panel of BRIC+ countries …. In the case of China, the empirical results indicate that government spending and taxation have opposing effects on …
Persistent link: https://www.econbiz.de/10011242236
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Consumption Based Estimates of Urban Chinese Growth
Chamon, Marcos; Filho, Irineu E. Carvalho - International Monetary Fund (IMF) - 2013
households, suggesting that urban inflation up to 2005 in China was “pro-poor,†in the sense that the increase in the cost of …
Persistent link: https://www.econbiz.de/10011142159
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National Income and Its Distribution
Bruckner, Markus; Dabla-Norris, Era; Gradstein, Mark - International Monetary Fund (IMF) - 2014
Does the distribution of income within a country become more equal as it grows richer? This paper uses plausibly exogenous variations in trade-weighted world income and international oil price shocks as instruments for within-country variations in countries real GDP per capita to examine this...
Persistent link: https://www.econbiz.de/10011242187
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How Inclusive Is Abenomics?
Aoyagi, Chie; Ganelli, Giovanni; Murayama, Kentaro - International Monetary Fund (IMF) - 2015
We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to regress a measure of inclusive growth, which incorporates both average income growth and income inequality, on macroeconomic and policy variables. Our analysis suggests that...
Persistent link: https://www.econbiz.de/10011242353
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Distributional Consequences of Fiscal Consolidation and the Role of Fiscal Policy; What Do the Data Say?
Woo, Jaejoon; Bova, Elva; Kinda, Tidiane; Zhang, … - International Monetary Fund (IMF) - 2013
The 2007-09 Great Recession has led to an unprecedented increase in public debt in many countries, triggering substantial fiscal adjustments. What are the distributional consequences of fiscal austerity measures? This is an important policy question. This paper analyzes the effects of fiscal...
Persistent link: https://www.econbiz.de/10011242413
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Two Sides of the Same Coin? Rebalancing and Inclusive Growth in China
Lee, Il Houng; Syed, Murtaza H.; Wang, Xin - International Monetary Fund (IMF) - 2013
This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China …. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export …. Across China’s provinces, divergences in per capita incomes are driven by the relative level of capital-intensity, public …
Persistent link: https://www.econbiz.de/10010790266
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The Elusive Quest for Inclusive Growth; Growth, Poverty, and Inequality in Asia
Balakrishnan, Ravi; Steinberg, Chad; Syed, Murtaza H. - International Monetary Fund (IMF) - 2013
This paper assesses how pro-poor and inclusive Asia’s recent growth has been, and what factors have been driving these outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased, dampening the impact of growth on poverty reduction. As...
Persistent link: https://www.econbiz.de/10011242249
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China; Does Government Health and Education Spending Boost Consumption?
Barnett, Steven; Brooks, Ray - International Monetary Fund (IMF) - 2010
Consumption in China is unusually low and has continued to decline as a share of GDP over the past decade. A key policy …
Persistent link: https://www.econbiz.de/10008561091
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Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy
Dabla-Norris, Era; Ji, Yan; Townsend, Robert; Unsal, D. … - International Monetary Fund (IMF) - 2015
We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of these constraints separately, and in combination, on GDP and inequality. We focus on three...
Persistent link: https://www.econbiz.de/10011163128
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Inequality, Leverage and Crises: The Case of Endogenous Default
Kumhof, Michael; Ranciere, Romain; Winant, Pablo - International Monetary Fund (IMF) - 2013
The paper studies how high household leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of high-income households, a large increase in debt leverage of the...
Persistent link: https://www.econbiz.de/10010790328