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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
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
crucial to ensure more equity and social stability. -- growth ; inequality ; poverty ; East Asia and the Middle East … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income …, inequality and growth bear a non-linear relationship: for low values of inequality, economic growth rate is an inverted U …
Persistent link: https://www.econbiz.de/10009630652
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
This paper focuses on the role of institutions in the fight against poverty and inequality. Our view of institutions … to the concepts of poverty, inequality and institutions are expounded on a priori reasoning, empirical analysis with LAC …-income poverty à la capability approach of Amartya Sen) allows a rich discussion of policy interventions. While both orientations as …
Persistent link: https://www.econbiz.de/10011514135
We study the capacity to meet food demand under conditions of climate change, economic and population growth. We take a …
Persistent link: https://www.econbiz.de/10012138747
partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined … inequality in rich countries. It is argued that using some unadjusted inequality measures in growth regressions may yield …
Persistent link: https://www.econbiz.de/10011409838