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This paper revisits four recent cross-country empirical studies on the effects of inequality on growth. All four studies report strongly significant negative effects, using the popular system generalized method of moments estimator that is frequently used in cross-country growth empirics. This...
Persistent link: https://www.econbiz.de/10012970632
This paper attempts to determine the extent to which inequality in wage earnings in the Russian Federation is unfair. Unlike other similar attempts that can, at best, produce a lower bound on the estimate of the share of inequality that is unfair, this paper exploits the longitudinal nature of...
Persistent link: https://www.econbiz.de/10012971662
Poverty reduction has become a fundamental objective of development, and therefore a metric for assessing the effectiveness of various interventions. Economic growth can be a powerful instrument of income poverty reduction. This creates a need for meaningful ways of assessing the poverty impact...
Persistent link: https://www.econbiz.de/10012747948
This paper argues for night--lights data as an alternative data source for measuring spatial inequalities in Africa, where the paucity of subnational income data is persistent. The analysis compares the statistical relationships between income and lights-based measures of spatial income...
Persistent link: https://www.econbiz.de/10012912343
countries comprising 97 percent of the world's population, this paper simulates a set of scenarios for global poverty from 2018 …
Persistent link: https://www.econbiz.de/10012865509
This analysis examines the relationship between nonrenewable resource dependence, economic growth and income inequality. It uses a two-equation system in which the Gini index and GDP per capita are the dependent variables and the stock of nonrenewable resources as a share of national wealth --...
Persistent link: https://www.econbiz.de/10012967897
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
the Caribbean. Two are based on secondary sources: All the Ginis and the World Income Inequality Database; and one is … generated entirely through multiple-imputation methods: the Standardized World Income Inequality Database. Although there is …
Persistent link: https://www.econbiz.de/10012970655
estimation and controlling for country and time fixed effects. The analysis finds that, on average, income inequality has a …
Persistent link: https://www.econbiz.de/10012971546
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