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, allowing an understanding of growth and inequality in the region. The region has experienced Ø- and σ-convergence …; however, growth rates of per capita gross domestic product are low at aggregate and sectoral levels. At sectoral level, the … sectors such as education and health can enhance growth rate, whereas the overall revenue expenditure retards growth …
Persistent link: https://www.econbiz.de/10012424163
Understanding the relationship between income inequality and economic growth is of utmost importance to economists and … between inequality and growth via growth and inequality shocks for two large economies, China and the USA, for the years 1979 …- 2018. We find that a growth shock is inequality-increasing, and an inequality shock is growthreducing. We also find …
Persistent link: https://www.econbiz.de/10012424164
national, state, and district-level figures for overall, within and between consumption inequality. We find an increase in … inequality in India but only since 2004. We also document an increase in between group (or horizontal) inequality over the entire … period. We then investigate the impact of ethnic fragmentation and public good provision on inequality. We hypothesize that …
Persistent link: https://www.econbiz.de/10011653917
Growth that reduces poverty is often considered pro-poor regardless of whether the poor benefit from it more than the … non-poor. Such growth could simply be termed poverty-reducing growth. This paper argues that for growth to be pro-poor it … should disproportionally benefit the poor. The paper proposes an operational definition of pro-poor growth that restricts it …
Persistent link: https://www.econbiz.de/10010280068
Persistent link: https://www.econbiz.de/10005826856
We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. …
Persistent link: https://www.econbiz.de/10005649774
new endogenous growth theory that suggests that increases in inequality can hurt growth. … that social policy and greater equality may actually contribute to higher productivity growth. Richard Harris surveys two …
Persistent link: https://www.econbiz.de/10005650204
In this chapter, Quentin Grafton, Stephen Knowles and Dorian Owen examine the implications for productivity arising from the level of social diversity along a variety of dimensions, including ethnic, linguistic and religious differences and inequalities between rich and poor. Their basic...
Persistent link: https://www.econbiz.de/10005650211
for the years 1996 to 2004. We study the relationship between growth, inequality and poverty by following the Poverty … results show that growth in Colombia has generally been anti-poor, a consequence of high inequality in the urban sector and of …This paper analyzes the relationship between growth, poverty and income distribution using household data for Colombia …
Persistent link: https://www.econbiz.de/10005597323
heterogeneity. As is well known, heterogeneity in time preference results in substantial inequality. This paper shows that, even if … households have heterogeneous preferences, there is a balanced growth path on which all the optimality conditions of all … heterogeneity may more correctly measure people’s “happiness.” However, it also indicates that inequality is necessary for …
Persistent link: https://www.econbiz.de/10008493034