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Productivity and socio-economic progress are inter-connected. Economic growth funds policies that promote socio …-economic progress, while the latter serves as a growth engine. A society with high mobility is one where individual achievements are …-2011), we identify the causal effect of intergenerational mobility on household expenditure's future growth. We find that …
Persistent link: https://www.econbiz.de/10012146484
Reducing poverty and inequality and promoting inclusive growth are fundamental to achieving the United Nations … evaluation of the main stylized facts concerning poverty, inequality, and growth. It will uncover existing trends, put …
Persistent link: https://www.econbiz.de/10013364552
macroeconomic stability and growth. Second, the tools of macroeconomic policy-fiscal and monetary policy together with debt … concludes that the pandemic could reinforce the existing trend towards higher social inequality. …
Persistent link: https://www.econbiz.de/10012424061
An influential paper by Berg et al., 'Redistribution, inequality, and growth: new evidence', uses the SWIID data to … examine the impact of inequality and redistribution on growth in both developing and developed countries. It finds that while … inequality is harmful for growth, redistribution does not hamper growth. This comment demonstrates that the redistribution and …
Persistent link: https://www.econbiz.de/10012424104
, 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
Countering recent rises in many countries of inequality in income and wealth is widely recognized as a major … development challenge. This is so from an ethical perspective and because greater inequality is perceived to be detrimental to key … development aims. Still, an informed debate on the effects of inequality requires clear evidence. This review contributes to the …
Persistent link: https://www.econbiz.de/10012651105
-cutting blockages to growth. In East Asia, this approach was able to build on a broader national industrialization trajectory. In … inequality both within and between countries, which leads to continual contestation over economic measures and limited domestic …
Persistent link: https://www.econbiz.de/10012705322
and basic sanitation. Our projections, based on economic growth forecasts, take into account recent global shocks such as … the COVID-19 pandemic and the inflation shock. Our findings indicate that economic growth alone will not be sufficient to … this, we argue, is that a stronger focus is needed on inclusive growth (SDG-8), and specifically redistribution with growth …
Persistent link: https://www.econbiz.de/10014477473
although there has been substantial economic growth, only a relatively small group of the new middle-income countries have … poverty line. The patterns of growth, precarity, and structural change underlying the emergence of the world's two middles are …
Persistent link: https://www.econbiz.de/10011532365