"The author analyzes the stability of the empirical relationship between growth and changes in inequality over time. He concludes that while during the 1970s and 1980s the growth process was not accompanied by increases in inequality, during the 1990s a positive and significant correlation...

"Using a large cross-country income distribution dataset spanning close to 800 country-year observations from industrial and developing countries, the authors show that the size distribution of per capita income is well approximated empirically by a lognormal density. The null hypothesis that...

"Is a pro-growth strategy always the best pro-poor strategy? To address this issue, Lopez provides an empirical evaluation of the impact of a series of pro-growth policies on inequality and headcount poverty. He relies on a large macroeconomic data set and estimate dynamic panel models that...

"The present study uses the GIDD, a CGE-microsimulation model for Global Income Distribution Dynamics, to understand the ex-ante dynamics of global income distribution. Three main robust results emerge. First, under a set of realistic assumptions, there will be a reduction in global income...

This report argues that if a growth surge is to evolve into a virtuous spiral that stimulates even higher and sustained growth rates in a substantial number of African countries, a significant increase in investment in physical and human capital is needed over an extended period. This report...

Lithuania's long-term economic strategy aims at building the foundations for achieving rapid convergence with Western European countries. The medium-term objective of the economic policy is to meet the economic criteria for accession and to get ready for membership in the European and Monetary...

This Country Economic Memorandum (CEM) sets a framework for a dialogue on inclusive economic growth and income convergence in Romania. Generous Foreign Direct Investment (FDI) and other financial inflows lifted consumer demand, built up key industries, modernized wholesale trade and unleashed...

Improving the investment climate is a key pillar of the World Bank's private sector development strategy. Without a good investment climate, firms and entrepreneurs of all types-from farmers to micro-enterprises to local manufacturing concerns and multinationals-have few opportunities and...