An ideal state of development, when viewed with fantasy, is nothing but a state or condition where light touches everybody without refraction. The diagonal line of the Lorenz Curve Framework represents such an ideal condition. In the presence of inequality, however, it deviates or refracts from...

The relationship between climate warming and associated socio-economic development is a central question for environmental economists and social scientists. The scientific literature focusing on the economic effects of climate change is mainly based on the cross-sectional impact of temperature...