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Inequality in China : trends, drivers and policy remedies
Jain Chandra, Sonali; Khor, Niny; Mano, Rui; Schauer, … - 2018
China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty …. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the … world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008. This paper …
Persistent link: https://www.econbiz.de/10011866405
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Inequality and locational determinants of the distribution of living standards in India
Balasubramanian, Sriram; Dhir, Rishabh Kumar; Loungani, … - 2021
Using 2011-12 consumption micro-data, we find that nearly one-third of the variation in living standards in India can be explained by location alone. Consumption levels and locational inequality are positively related. In effect, from an individual's perspective, living standards are higher in...
Persistent link: https://www.econbiz.de/10012518698
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The great divide : regional inequality and fiscal policy
Gbohoui, William; Lam, W. Raphael; Lledó, Victor D. - 2019
Growing regional inequality within countries has raised the perception that 'some places and people' are left behind. This has prompted a shift toward inward-looking policies and away from pro-growth reforms. This paper presents novel stylized facts on regional inequality for OECD countries. It...
Persistent link: https://www.econbiz.de/10012102220
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Finance, growth, and inequality
Levine, Ross - 2021
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...
Persistent link: https://www.econbiz.de/10012612328
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Regional disparities, growth, and inclusiveness
Floerkemeier, Holger; Spatafora, Nikola; Venables, Anthony - 2021
We discuss regional disparities in economic performance and living standards. We first set out some key facts, and provide a conceptual framework to help analyze whether such disparities are efficient, or instead reflect market and/or policy failures. We examine whether policy attempts to reduce...
Persistent link: https://www.econbiz.de/10012518295
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Links between growth, inequality, and poverty : a survey
Cerra, Valerie; Lama C., Ruy; Loayza, Norman - 2021
Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in...
Persistent link: https://www.econbiz.de/10012518886
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Tax policy and inclusive growth
Abdel-Kader, Khaled; Mooij, Ruud A. de - 2020
This paper discusses the theory and practice of tax design to achieve an efficient and equitable outcome, id est in support of inclusive growth. It starts with a discussion of the key principles from tax theory to guide practical tax design. Then, it elaborates on more granular tax policy,...
Persistent link: https://www.econbiz.de/10012485968
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Financial inclusion : what have we learned so far? : what do we have to learn?
Barajas, Adolfo; Beck, Thorsten; Belhaj, Mohamed; Ben … - 2020
The past two decades have seen a rapid increase in interest in financial inclusion, both from policymakers and researchers. This paper surveys the main findings from the literature, documenting the trends over time and gaps that have arisen across regions, income levels, and gender, among...
Persistent link: https://www.econbiz.de/10012300650
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Measuring income inequality and implications for economic transmission channels
Blotevogel, Robert; Imamoglu, Eslem; Moriyama, Kenji; … - 2020
We study the channels that theoretically transmit the effects of inequality to economic growth, unlike much of the existing literature that focuses on the direct linkage. The role of inequality in these transmission channels is difficult to pin down and varies with the particular inequality...
Persistent link: https://www.econbiz.de/10012301883
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Social spending in Korea : can it foster sustainable and inclusive growth?
Elekdaǧ, Selim Ali - 2012
Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....
Persistent link: https://www.econbiz.de/10009659803