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Bahl, Roy; Martinez-Vazquez, Jorge - 2012

While there is extensive knowledge about how to design fiscal decentralization policies, considerably less is … understood about how a decentralization program should be sequenced and implemented. Countries embarking on decentralization … often struggle with decisions about the essential components of decentralization, including the order of an introduction of …

Persistent link: https://www.econbiz.de/10012553737

A Dynamic Model of Fiscal Decentralization and Public Debt Accumulation

Guo, Si; Pei, Yun; Xie, Leiyu - 2022

quantitatively how fiscal decentralization affects local and central government debt accumulation and spending. In the model, the … local and central debts are inefficiently high. Consistent with empirical evidence, when fiscal decentralization widens …

Persistent link: https://www.econbiz.de/10013255222

Global Growth and Distribution : Are China and India Reshaping the World?

Bussolo, Maurizio; De Hoyos, Rafael E.; Medvedev, Denis - 2012

Over the past 20 years, aggregate measures of global inequality have changed little even if significant structural changes have been observed. High growth rates of China and India lifted millions out of poverty, while the stagnation in many African countries caused them to fall behind. Using the...

Persistent link: https://www.econbiz.de/10012552840

The Effects of Infrastructure Development on Growth and Income Distribution

Calder??n, C??sar; Serv??n, Luis - 2013

The authors provide an empirical evaluation of the impact of infrastructure development on economic growth and income distribution using a large panel data set encompassing over 100 countries and spanning the years 1960-2000. The empirical strategy involves the estimation of simple equations for...

Persistent link: https://www.econbiz.de/10012559826

Partially Awakened Giants : Uneven Growth in China and India

Chaudhuri, Shubham; Ravallion, Martin - 2012

The paper examines the ways in which recent economic growth has been uneven in China and India and what this has meant for inequality and poverty. Drawing on analyses based on existing household survey data and aggregate data from official sources, the authors show that growth has indeed been...

Persistent link: https://www.econbiz.de/10012553889

Finance and inequality : Theory and evidence

Demirg????-Kunt, Asli; Levine, Ross - 2012

This paper critically reviews the literature on finance and inequality, highlighting substantive gaps in the literature. Finance plays a crucial role in most theories of persistent inequality. Unsurprisingly, therefore, economic theory provides a rich set of predictions concerning both the...

Persistent link: https://www.econbiz.de/10012551893

Where in the World are you? Assessing the Importance of Circumstance and Effort in a World of Different Mean Country Incomes and (Almost) No Migration

Milanovic, Branko - 2012

Suppose that all people in the world are allocated only two characteristics: country where they live and income class within that country. Assume further that there is no migration. This paper shows that 90 percent of variability in people's global income position (percentile in world income...

Persistent link: https://www.econbiz.de/10012552280

Global Income Inequality : What It Is and Why it Matters

Milanovic, Branko - 2012

The paper presents a nontechnical summary of the current state of debate on the measurement and implications of global inequality (inequality between citizens of the world). It discusses the relationship between globalization and global inequality. And it shows why global inequality matters and...

Persistent link: https://www.econbiz.de/10012553691

Equity, Welfare, and the Setting of Trade Policy in General Equilibrium

Francois, Joseph; Rojas-Romagosa, Hugo - 2012

The authors analyze general equilibrium relationships between trade policy and the household distribution of income, decomposing social welfare into real income level and variance components and emphasizing Gini and Atkinson indexes. They embed these inequality-adjusted social welfare functions...

Persistent link: https://www.econbiz.de/10012554188

The Construction and Interpretation of Combined Cross-Section and Time-Series Inequality Datasets

Francois, Joseph F.; Rojas-Romagosa, Hugo - 2012

The inequality dataset compiled in the 1990s by the World Bank and extended by the United Nations has been both widely used and strongly criticized. The criticisms raise questions about conclusions drawn from secondary inequality datasets in general. The authors develop techniques to deal with...

Persistent link: https://www.econbiz.de/10012554203