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This paper contributes to the debate over the relationship between inequality and growth by proposing that the … disparities in empirical studies derive from the fact that they have not accounted for the level of inequality as a factor that … inequality exert a positive correlation with economic growth while high levels have a negative one. Additionally, and more …
Persistent link: https://www.econbiz.de/10011259019
and negative relationship between inequality and share of nutritional consumption as reflected in the consumption of food …. Finally the paper looks at the empirical relationship between inequality and consumption across districts within states of … India. The hypotheses that inequality impacts consumption patterns via status effect cannot be rejected. In fact the impact …
Persistent link: https://www.econbiz.de/10011259208
Against the background of inconclusive evidence about the inequality–growth relation, this paper suggests that the … level of inequality increases via the human capital channel with credit market imperfections and that this increasing … inequality negatively affects economic growth. We expand the model presented by Galor and Zeira (1993) to represent the fact that …
Persistent link: https://www.econbiz.de/10011259657
Relative deprivation (RD), also known as relative poverty , an idea implicitly put forward by Adam Smith in The Wealth of Nations and formally conceptualized by Runciman (1966), refers to the discontent people feel when they compare their positions to others and realize that others in the group...
Persistent link: https://www.econbiz.de/10011260168
This paper was presented to the May 2013 conference of the PostGLobalization Initiative (http://pglobal.org/) in response to a request from the organizers to present suggestions for the policies required to get out of the economic crisis which opened in 2007, and their implications for the...
Persistent link: https://www.econbiz.de/10011260174
This paper was due to be presented to the 2013 conference of the World Association for Political Economy, in Florianopolis, Brasil. In the event, the author was unable to attend. The paper summarises the main conclusions of ten years of research into the Creative Industries in London and the UK,...
Persistent link: https://www.econbiz.de/10011260737
Debate over Growth and Development are quite old in the history of economic thinking. It is argued that development encompasses comprehensive issues like health, education, equality, and liveability while growth is too narrow a concept. This paper analyses the growth and development experience...
Persistent link: https://www.econbiz.de/10005260324