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between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U … relationship between growth and inequality can take the form of a wave. Secondly, we examine the issue of the existence of …
Persistent link: https://www.econbiz.de/10010531112
convinced that higher growth would reduce income poverty to an acceptable margin, there appears to be little concrete policy … possibly rising inequality would ensure that a great many would fall through the cracks, and not benefit from high growth, even …This paper focuses on the role of institutions in poverty alleviation, where both poverty and institutions are …
Persistent link: https://www.econbiz.de/10011400868
Poverty Reduction Strategy Paper (PRSP) countries in Sub-Saharan Africa have shown strong signs of growth resilience in … the aftermath of the recent global crisis. Yet, this paper finds evidence that growth has more than proportionately … benefited the top quintile during PRSP implementation. It finds that PRSP implementation has neither reduced poverty headcount …
Persistent link: https://www.econbiz.de/10013019025
economic growth and poverty reduction, particularly focusing on public policy mechanisms to reduce poverty and inequality … poverty reduction. First, it examines the structure of economic growth and its proximate determinants in the two countries …. Malaysia, unlike Pakistan, was able to sustain rapid economic growth with equally impressive reduction in poverty because the …
Persistent link: https://www.econbiz.de/10013317896
This paper examines the empirical relationship between inequality and growth, and analyzes the impacts of growth …, inequality, and government spending on poverty reduction. A new panel dataset has been assembled on inequality and poverty that … challenge the belief that income inequality has a negative effect on growth and confirm the validity of the Kuznets curve …
Persistent link: https://www.econbiz.de/10013318088
Inclusive growth, narrowly defined in this paper as growth that helps reduce inequality, is achieved if consumption of …
Persistent link: https://www.econbiz.de/10012836529
current level of utility is lower than this value, there is room for growth of both the utility level and the maximin value …. For any resource allocation mechanism (ram) and economic dynamics, growth is limited by the long-run level of the maximin … growth to stop, and the adoption of maximin decisions instead of the current ram. We illustrate this pattern in two canonical …
Persistent link: https://www.econbiz.de/10012104003
We analyze the adoption of green technology in a dynamic economy affected by random shocks where demand spillovers are the main driver of technological improvements. Firms' beliefs and consumers' anticipations drive the path of the economy. We derive the optimal policy of investment subsidy and...
Persistent link: https://www.econbiz.de/10011657885
This paper explores a new theoretical and empirical approach to the assessment of human wellbeing, relevant to current challenges of social fragmentation in the presence of globalization and technological advance. We present two indexes of well-being - solidarity (S) and agency (A) - to be...
Persistent link: https://www.econbiz.de/10012171696
growth and changes in global income inequality and poverty. The authors find that rapid growth in China (despite a downward … inequality. The impact of these twocountries is similarly critical with respect to global poverty reduction. …This paper presents estimates of world output growth from 1970 to 2000, the distribution of income among countries and …
Persistent link: https://www.econbiz.de/10011514125