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We present a model of growth and distributional conflict that implies a non-monotonic relationship between average wealth and the likelihood of radical redistribution: while the net benefits of redistribution for members of the poor class are small at low stages of development, a shift towards...
Persistent link: https://www.econbiz.de/10011397749
This study suggests that the development process of a less-developed country can be divided into two stages, which demonstrate significantly different properties in areas such as structural endowments, production modes, income distribution, and the forces that drive economic growth. The two...
Persistent link: https://www.econbiz.de/10011576858
This paper explores the methodology of regime-switching in the analysis of the income inequality-economic growth relationship. The underlying idea is that when some income determinant passes a certain threshold introduces a new relationship between inequality and income and/or income...
Persistent link: https://www.econbiz.de/10004994313
Persistent link: https://www.econbiz.de/10001741730
Will the world be able to sustain economic growth indefinitely without running into resource constraints or despoiling the environment beyond repair? What is the relationship between steadily increasing incomes and environmental quality? This paper builds on the author's earlier work (1993), in...
Persistent link: https://www.econbiz.de/10005794682
The aim of this paper is to investigate the likely future path of China’s metal intensity by referencing the experience of relevant peers through initial engagement with a technology-led strategy and beyond. This question cuts to the very roots of Chinese long run economic strategy and...
Persistent link: https://www.econbiz.de/10004977301
This study investigates the empirical relationship between the level of urbanization and size of the informal economy using cross-country datasets proxying GDP and employment shares of urban informal sector. Our estimation results indicate that there is an inverted-U relationship between...
Persistent link: https://www.econbiz.de/10010719335
This paper presents a new method for calculating Gini coefficients from tabulations of the mean income of social classes. Income distribution data from before the Industrial Revolution usually come in the form of such tabulations, called social tables. Inequality indices generated from social...
Persistent link: https://www.econbiz.de/10010817202
Income distribution data from before the Industrial Revolution usually comes in the shape of social tables: inventories of a range of social groups and their mean incomes. These are frequently reported without adjusting for within-group income dispersion, leading to a systematic downward bias in...
Persistent link: https://www.econbiz.de/10009003116
This paper investigates the spatial-temporal disparity evident in rural household incomes at the provincial level in China in the period 1978-2007. The research is introduced through a framework comprising the transitional processes of decentralization, marketization, urbanization, and...
Persistent link: https://www.econbiz.de/10010541303