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In the present paper, the inverted-U shape relationship between growth and inequality found in Chen(2003), is … reexamined. We decompose productivity growth into efficiency improvement, capital accumulation and technological progress and …
Persistent link: https://www.econbiz.de/10005836106
output and productivity grow; and such an outcome of “immiserizing growth” hinges crucially upon the combination of concern …
Persistent link: https://www.econbiz.de/10011155094
Growth is good for the poor” is a ubiquitous statement and one generally backed by theory, research and history. In … the long-run, growth reduces poverty. Yet, growth in output - per se - is neither a necessary nor a sufficient condition … the relation between growth and poverty in Kazakhstan, a country that experienced rapid growth and poverty reduction in …
Persistent link: https://www.econbiz.de/10011213141
distribution. We find that economic growth is good for the rich in the sense that the mean income of the top decile of the … growth is really good for the really rich. We also find that during economic downturns, the average income of top earners …
Persistent link: https://www.econbiz.de/10011257836
This paper contributes to the debate over the relationship between inequality and growth by proposing that the … inequality exert a positive correlation with economic growth while high levels have a negative one. Additionally, and more … importantly, it is demonstrated the existence of an optimal rate of inequality (ORI) that maximizes growth rates and releases the …
Persistent link: https://www.econbiz.de/10011259019
coupled with an inadequate nutritional intake, relative to a situation where there is no such concern for status. Thus, growth …
Persistent link: https://www.econbiz.de/10011259208
Against the background of inconclusive evidence about the inequality–growth relation, this paper suggests that the … inequality negatively affects economic growth. We expand the model presented by Galor and Zeira (1993) to represent the fact that … aid package in the form of the new student loans program positively influences equality and short-run economic growth by …
Persistent link: https://www.econbiz.de/10011259657
Trends in Globalization’ website (http://ablog.typepad.com/), the paper analyzes growth in four types of country typified by … the EU, the USA, India, and China. The fastest growth has been registered in China, which has followed a policy of … expansionary money with strong banking controls, combined with an investment-led stimulus. Strong growth has also however been …
Persistent link: https://www.econbiz.de/10011260174
dependency on resource exploitation and the sustainability of the chosen growth path With few notable exceptions, social theory … growth in demand for labour services, which would be, in Mark Swilling’s terminology, ‘resource-decoupled’, decreasing the … things to invest in humans. This poses an especial challenge for policy, since the growth of the creative industry sector …
Persistent link: https://www.econbiz.de/10011260737
, and also unrelated to long-term economic growth; and (6) the provision of local public goods in the early twentieth …
Persistent link: https://www.econbiz.de/10008622262