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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
though if its growth is caused by capital accumulation (perspiration factors) or driven by Total Factor Productivity (TFP …) growth (inspiration factors). The difference between both stances is quite substantial since, if the perspiration theory is … correct, one expects the growth of the Chinese economy to slow down over time as the capital accumulation grows increasingly …
Persistent link: https://www.econbiz.de/10011110187
disappeared, and steady economic growth replaced the economic stagnation of the Raj. The growth of the Indian economy quickened … of the highest in the world. Maintaining rapid as well as environmentally sustainable growth remains an important and … been major failures both to foster participatory growth and to make good use of the public resources generated by economic …
Persistent link: https://www.econbiz.de/10011082774
find that China's growth is positively affected by saving but has a limited effect on saving, that inequality mainly has a … negative impact on growth but has a positive impact on saving, and that inequality is a stronger factor than growth in … explaining high saving. Therefore, inequality must be mitigated to lower the high saving rate in China, and growth will be …
Persistent link: https://www.econbiz.de/10010738018
increase income inequality may temporarily boost a country's income growth rate. Briefly put, a change in policy that reduces …This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that … redistributive transfers will free up resources to the households with the highest productivities, resulting in an aggregate growth …
Persistent link: https://www.econbiz.de/10005086426
is addressed. Using provincial panel data on industrial growth, capital and employment, the impact of inequality on … effect of intra-provincial disparities on provincial industrial growth, with causality from inequality to growth. Moreover …, it appears that the inequality-growth relationship is not a linear one, but rather that the impact of extreme changes in …
Persistent link: https://www.econbiz.de/10005086436
-WIDER?s project on Inequality and Poverty in China. It also offers policy recommendations for tackling the poverty-growth-inequality …The slowdown and in some years reversal of poverty reduction in China forcefully demonstrates that growth is not … sufficient for combating poverty even if that growth is of unprecedented magnitude. Policy initiatives should take into …
Persistent link: https://www.econbiz.de/10005059800
aggregate relations. This paper establishes a bridge between the aggregation and the inequality and growth literature by …, implying that increases in income inequality may be unambiguously associated with temporary increases in a country’s growth …. The accelerated growth episodes observed in Brazil and China demonstrate that the increase in income inequality may have …
Persistent link: https://www.econbiz.de/10005555988
This study presents a comprehensive picture of poverty chnages in China in the period of 1978-95. Using two micro data sets from Household Income Surverys of 1988 and 1995, the author examines poverty distribution among various localities and population sub-groups. [Discussion Paper No. 2001/21].
Persistent link: https://www.econbiz.de/10005341833
Persistent link: https://www.econbiz.de/10005245982