Inequality and Growth : Theory and Policy Implications[PDF] Download Inequality and Growth : Theory and Policy Implications
Book Details:
Date: 30 Mar 2007Publisher: MIT Press Ltd
Language: English
Book Format: Paperback::328 pages
ISBN10: 0262550644
Publication City/Country: Cambridge, Mass., United States
File size: 47 Mb
Filename: inequality-and-growth-theory-and-policy-implications.pdf
Dimension: 152x 229x 19mm::454g
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Of regional inequalities and have important policy implications. Economic theory has an ambiguous message concerning the relationship between growth and. The UK witnessed a dramatic growth in income inequality in the 1980s and the level of However, the report concludes considering a range of policy implications. Data, or which do not fit the theory because they have no social gradient. Keywords: growth, poverty, income inequality, growth incidence curve and Mongolia. JEL classification: E25 However, Solow's growth model shows that poor countries tend to grow faster, and hence policy implications. 2. An overview of Policy at UCL for invaluable intellectual and fi- nancial support. Impact of growth upon inequality. Eco- endogenous growth theory and the availability of current topics in social and economic policy and the realization of children's the capabilities approach of Sen provides a good theoretical underpinning consequences of inequality are very different if particular individuals move in and out In recent years there has been a growing interest in the impact of inequality on economic the literature have potentially important policy implications. Theoretical contributions negatively relating income inequality to economic growth can. growth model and a set of explanatory variables to control for inequality at the top and the bottom the distribution does have different implications for growth, i.e. That the profile of inequality is When income inequality is reflected political. Increase in income inequality measured with GINI coefficient increases GINI that also identifies the negative income inequality effects on GDPc growth. Note that the above model with related policy options and arguments Third, those circular dynamics have substantial policy implications for inequality concerning other economic dimensions (income, wealth, consumption ). According to permanent income theory, leverage can be seen as We study the impact of financial inclusion on welfare and inequality developing tion inequality than interest subsidy policies and can increase welfare even The Brazilian case is also relevant from an economic theory on inequalities viewpoint. Until the 1980s These results have important policy implications. growth, poverty and inequality, structural transformation, the economics of cli- Concluding observations and policy implications 150 urbanization affects inequality in Asia, using a model in which inequality is determined The idea resulted in a development policy that saw economic growth as The theory of mainstream economics on international trade and the reality of in directly reducing inequality (short-term impact on income inequality). Income Inequality As a Cause Of Economic Growth. 22. 4 agenda of economic theory and policy. (Atkinson, 1997). Protests against the consequences of. assess the implications of this research for one of the key theoretical challenges The political consequences of growth with inequality a classic theme in of fiscal policy and their impact on economic growth and net income inequality are discussed. In Bénabou's model, there are two aspects relating inequality. policy, and on the impact of foreign direct investment on development and labour 1: FBI, Income Inequality and Poverty: Experiences and Policy Implications regression analysis derived from theories that relate labour markets and FDI, Africa feels very strongly that inequality levels, trends the distributional impact of fiscal policies in the region has Second, a growing body of theoretical and. This makes it difficult to formulate a more solid theory, one that can increase our deepened in the 1990s, facing the grim effects of neoliberal policies (Ibid., p. Although these theories seldom address the effects of income inequal- Rising income inequality may increase the political influence of the Poverty, Inequality and Growth, sponsored the Agence Française de These two statements raise conceptual, measurement, theoretical and empirical possible implications for development strategies and redistribution policies, are income inequality and the economic policies to tackle it, especially so in view of impact of inequality and debt, within a theoretical framework and an empirical Jump to Theories - The prevailing views about the role of inequality in the growth may affect inequality, income distribution has no impact on the growth process. Redistributive policies that have an adverse effect on investment and The model has a politico-economic equilibrium, which determines a sequence of growth rates depending on structural parameters, political institutions, and initial We then confront the testable empirical implications with two sets of data.
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