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measures of inequality, poverty, and pro-poor growth in four time periods over 1992 - 2010. Changes in these measures are … growth. India has been relatively stagnant. Indonesia has grown rapidly after suffering an initial set back from the Asian …
Persistent link: https://www.econbiz.de/10010397210
In a neoclassical growth framework with a typical political-economy mechanism, this paper reexamines the relationship … between the income inequality and economic growth by introducing government spending into the production function and the … utility function. It demonstrates that Kuznets famous inverted-U shape relationship between inequality and economic growth …
Persistent link: https://www.econbiz.de/10010944961
Most models that explore the relationship between income inequality and economic growth postulate the existence of a …
Persistent link: https://www.econbiz.de/10005243295
A widely accepted criterion for pro-poorness of an income growth pattern is that it should reduce a (chosen) measure of …-poorness, growth and inequality nexus, one needs at least a 3-parameter model of the income distribution. In this paper, we explore in … income growth takes place within each of the following models: the displaced lognormal, Singh-Maddala and Dagum distributions …
Persistent link: https://www.econbiz.de/10009274352
Previous estimates of unfair inequality of opportunity (IOp) are only lower bounds because of the unobservability of the full set of endowed circumstances beyond the sphere of individual responsibility. In this paper, we suggest a new estimator based on a fixed effects panel model which...
Persistent link: https://www.econbiz.de/10009274353
calculate measures of inequality, poverty, and pro-poor growth in four time periods over 1992–2010. Changes in these measures … growth. India has been relatively stagnant. Indonesia has grown rapidly after suffering an initial set back from the Asian …
Persistent link: https://www.econbiz.de/10010840229
Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a … top decile's income share is associated with a statistically significant 0.12 point rise in GDP growth during the … inequality is permanent, the increase in growth appears to be permanent. However, our estimates imply that it would take 13 years …
Persistent link: https://www.econbiz.de/10008506067
and endogenous evolution of finance, inequality, and economic growth. …
Persistent link: https://www.econbiz.de/10008776997
Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a … top decile’s income share is associated with a statistically significant 0.12 point rise in GDP growth during the … inequality is permanent, the increase in growth appears to be permanent. However, our estimates imply that it would take 13 years …
Persistent link: https://www.econbiz.de/10008485494
This paper studies how heterogeneity in income dynamics affects the POUM hypothesis (the idea that poor people do not support high level of redistribution because they hope to be rich in the future). We consider a setting where individuals evaluate their expected future income using both their...
Persistent link: https://www.econbiz.de/10010293407