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China's fast growth has been accompanied by rising regional inequality, triggering debate over a policy trade-off between aggregate growth and equity. We set out a three-region model of China in which local government behavior affects local TFP dynamics, and regional inequality itself generates...
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, unlike before, was consistently pro-poor. Moreover, growth and redistribution aligned after 2012 to reduce poverty, whereas …-poor. Finally, the overall trends in the quality of growth and its contribution and that of redistribution to poverty adjustments … poverty reductions, while growth with government-directed redistribution can. …
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absence of an explicit regional policy. Economic theory suggests such redistribution might be distorting. This paper indeed … finds that more redistribution leads to subsequent lower growth, but also slower interregional convergence. This may explain …
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Chapter 1. Introduction -- Chapter 2. Inequalities and economic inequality -- Chapter 3. Economic inequality -- Chapter 4. Economic growth -- Chapter 5. Inequality and growth -- Chapter 6. Inequality of opportunities -- Chapter 7. Recent trends of growth and inequality in a post-pandemic world...
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impact of vote-buying on growth. We consider a model with a poverty trap where redistribution can promote growth. We show …
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