Inequality And Growth
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Author |
: Theo S. Eicher |
Publisher |
: MIT Press |
Total Pages |
: 343 |
Release |
: 2007-01-26 |
ISBN-10 |
: 9780262550642 |
ISBN-13 |
: 0262550644 |
Rating |
: 4/5 (42 Downloads) |
Synopsis Inequality and Growth by : Theo S. Eicher
Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growth, however, may not be shared equally. Some may gain less than others, and a fraction of the population may actually be disadvantaged. Recent economic research has found both positive and negative relationships between growth and inequality across nations. The questions raised by these results include: What is the impact on inequality of policies designed to foster growth? Does inequality by itself facilitate or detract from economic growth, and does it amplify or diminish policy effectiveness? This book provides a forum for economists to examine the theoretical, empirical, and policy issues involved in the relationship between growth and inequality. The aim is to develop a framework for determining the role of public policy in enhancing both growth and equality. The diverse range of topics, examined in both developed and developing countries, includes natural resources, taxation, fertility, redistribution, technological change, transition, labor markets, and education. A theme common to all the essays is the importance of education in reducing inequality and increasing growth.
Author |
: Maria Clara Couto Soares |
Publisher |
: Taylor & Francis |
Total Pages |
: 238 |
Release |
: 2018-10-24 |
ISBN-10 |
: 9781317560173 |
ISBN-13 |
: 1317560175 |
Rating |
: 4/5 (73 Downloads) |
Synopsis Inequality and Development Challenges by : Maria Clara Couto Soares
This series of books brings together results of an extensive research programme on aspects of the national systems of innovation (NSI) in the five BRICS countries — Brazil, Russia, India, China, and South Africa. It provides a comprehensive and comparative examination of the challenges and opportunities faced by these dynamic and emerging economies. In discussing the impact of innovation with respect to economic, geopolitical, socio-cultural, institutional, and technological systems, it reveals the possibilities of new development paradigms for equitable and sustainable growth. This volume analyses the co-evolution of inequality and NSI across the BRICS economies. It reveals the multi-dimensional character of inequality, in going beyond its income aspect to include assets, access to basic services, infrastructure, knowledge, race, gender, ethnicity and geographic location. In advancing valuable policy recommendations, the book argues that inequalities must be factored in development strategies given that benefits of innovation are not automatically distributed equally. Original and detailed data, together with expert analyses on wide-ranging issues, make this book an invaluable resource for researchers and scholars in economics, development studies and political science, in addition to policy-makers and development practitioners interested in the BRICS countries.
Author |
: Ms. Valerie Cerra |
Publisher |
: International Monetary Fund |
Total Pages |
: 54 |
Release |
: 2021-03-12 |
ISBN-10 |
: 9781513572666 |
ISBN-13 |
: 1513572660 |
Rating |
: 4/5 (66 Downloads) |
Synopsis Links Between Growth, Inequality, and Poverty: A Survey by : Ms. Valerie Cerra
Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.
Author |
: Juan Gabriel Rodríguez |
Publisher |
: Emerald Group Publishing |
Total Pages |
: 259 |
Release |
: 2011-10-12 |
ISBN-10 |
: 9781780520346 |
ISBN-13 |
: 1780520344 |
Rating |
: 4/5 (46 Downloads) |
Synopsis Inequality of Opportunity by : Juan Gabriel Rodríguez
Eight papers, both theoretical and applied, on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort.
Author |
: Mr.Shekhar Aiyar |
Publisher |
: International Monetary Fund |
Total Pages |
: 23 |
Release |
: 2019-02-15 |
ISBN-10 |
: 9781484396988 |
ISBN-13 |
: 1484396987 |
Rating |
: 4/5 (88 Downloads) |
Synopsis Inequality of Opportunity, Inequality of Income and Economic Growth by : Mr.Shekhar Aiyar
We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies characterized by intergenerational rigidities, an increase in income inequality has persistent effects—for example by hindering human capital accumulation— thereby retarding future growth disproportionately. We use several recently developed internationally comparable measures of intergenerational mobility to confirm that the negative impact of income inequality on growth is higher the lower is intergenerational mobility. Our results suggest that omitting intergenerational mobility leads to misspecification, shedding light on why the empirical literature on income inequality and growth has been so inconclusive.
Author |
: Heather Boushey |
Publisher |
: |
Total Pages |
: 305 |
Release |
: 2019 |
ISBN-10 |
: 9780674919310 |
ISBN-13 |
: 0674919319 |
Rating |
: 4/5 (10 Downloads) |
Synopsis Unbound by : Heather Boushey
Many fear that efforts to address inequality will undermine the economy as a whole. But the opposite is true: rising inequality has become a drag on growth and an impediment to market competition. Heather Boushey breaks down the problem and argues that we can preserve our nation's economic traditions while promoting shared economic growth.
Author |
: Jonathan D. Ostry |
Publisher |
: Columbia University Press |
Total Pages |
: 182 |
Release |
: 2019-01-08 |
ISBN-10 |
: 9780231527613 |
ISBN-13 |
: 0231527616 |
Rating |
: 4/5 (13 Downloads) |
Synopsis Confronting Inequality by : Jonathan D. Ostry
Inequality has drastically increased in many countries around the globe over the past three decades. The widening gap between the very rich and everyone else is often portrayed as an unexpected outcome or as the tradeoff we must accept to achieve economic growth. In this book, three International Monetary Fund economists show that this increase in inequality has in fact been a political choice—and explain what policies we should choose instead to achieve a more inclusive economy. Jonathan D. Ostry, Prakash Loungani, and Andrew Berg demonstrate that the extent of inequality depends on the policies governments choose—such as whether to let capital move unhindered across national boundaries, how much austerity to impose, and how much to deregulate markets. While these policies do often confer growth benefits, they have also been responsible for much of the increase in inequality. The book also shows that inequality leads to weaker economic performance and proposes alternative policies capable of delivering more inclusive growth. In addition to improving access to health care and quality education, they call for redistribution from the rich to the poor and present evidence showing that redistribution does not hurt growth. Accessible to scholars across disciplines as well as to students and policy makers, Confronting Inequality is a rigorous and empirically rich book that is crucial for a time when many fear a new Gilded Age.
Author |
: Mr.Jonathan David Ostry |
Publisher |
: International Monetary Fund |
Total Pages |
: 30 |
Release |
: 2014-02-17 |
ISBN-10 |
: 9781484397657 |
ISBN-13 |
: 1484397657 |
Rating |
: 4/5 (57 Downloads) |
Synopsis Redistribution, Inequality, and Growth by : Mr.Jonathan David Ostry
The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund’s mandate is providing advice that will enable members’ economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called “leaky bucket” hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore—as Okun and others have—that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion.
Author |
: Martin Ravallion |
Publisher |
: World Bank Publications |
Total Pages |
: 32 |
Release |
: 2001 |
ISBN-10 |
: |
ISBN-13 |
: |
Rating |
: 4/5 ( Downloads) |
Synopsis Growth, Inequality and Poverty by : Martin Ravallion
One side in the current debate about who benefits from growth has focused solely on average impacts on poverty and inequality, while the other side has focused on the diverse welfare impacts found beneath the averages. Both sides have a point.
Author |
: Carlos Gradín |
Publisher |
: Oxford University Press |
Total Pages |
: 373 |
Release |
: 2021 |
ISBN-10 |
: 9780198863960 |
ISBN-13 |
: 0198863969 |
Rating |
: 4/5 (60 Downloads) |
Synopsis Inequality in the Developing World by : Carlos Gradín
Inequality has emerged as a key development challenge. It holds implications for economic growth and redistribution and translates into power asymmetries that can endanger human rights, create conflict, and embed social exclusion and chronic poverty. For these reasons, it underpins intense public and academic debates and has become a dominant policy concern within many countries and in all multilateral agencies. It is at the core of the 17 goals of the UN 2030 Agenda for Sustainable Development. This book contributes to this important discussion by presenting assessments of the measurement and analysis of global inequality by leading inequality scholars, aligning these to comprehensive reviews of inequality trends in five of the world's largest developing countries - Brazil, China, India, Mexico, and South Africa.