Showing 1 - 10 of 1,143
The many and varied crises in the world economy since 2007 seem to have different origins and diverse manifestations …
Persistent link: https://www.econbiz.de/10012969887
Academics and policy makers have long considered an adequate supply of infrastructure services to be essential for economic development. This paper reviews recent theoretical and empirical literature on the effects of infrastructure development on growth and income distribution. The theoretical...
Persistent link: https://www.econbiz.de/10012972738
This paper re-examines the roles of changes in income and inequality in poverty reduction. The study provides estimates … of the relative effects of inequality reduction versus growth promotion in reducing poverty for countries with different … levels of initial poverty. The analysis uses country panel-data for 1980-2010. The results indicate that, as countries become …
Persistent link: https://www.econbiz.de/10012973261
uses a database assembled by the World Bank Group to investigate some basic characteristics of shared prosperity …
Persistent link: https://www.econbiz.de/10012973893
In the 2000s, global inequality fell for the first time since the Industrial Revolution, driven by a decline in the dispersion of average incomes across countries. Between 1988 and 2008, a period of rapidly increasing global integration, income growth was largest for the global top 1 percent and...
Persistent link: https://www.econbiz.de/10012968216
Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes and life expectancies as unequal as they are today? For want of sufficient data, these questions have not yet been answered. This paper infers inequality for 14 ancient, pre-industrial societies using...
Persistent link: https://www.econbiz.de/10012747537
, but the impact varies by income group. Provisions outside the current mandate of the World Trade Organization (investment … under the current World Trade Organization mandate (tariff reduction and customs facilitation) drive the effect of trade …
Persistent link: https://www.econbiz.de/10012912338
An extensive literature on poverty traps suggests that high levels of poverty deter growth. However, a seemingly basic … implication of the underlying theoretical models, namely that countries suffering from higher levels of poverty should grow less … affect growth in opposing directions. Because inequality and poverty are different aspects of the income distribution …
Persistent link: https://www.econbiz.de/10012911547
This paper studies future poverty, inequality, and shared prosperity outcomes using a panel data set with 150 countries … over 1980-2014. The findings suggest that global extreme poverty will decrease in absolute and relative terms in the period … 2015-2030. However, absolute poverty is likely to increase by 2030 in resource-output oriented countries and economies with …
Persistent link: https://www.econbiz.de/10012871279
growth, much less work has dealt with the importance of bank-based versus market-based financial systems for poverty and … economic growth, suggesting that the same could be true for poverty since growth is an important driver in reducing poverty … through 2008. The results suggest that when institutions are weak, bank-based financial systems are better at reducing poverty …
Persistent link: https://www.econbiz.de/10012975555