Inequality And Growth

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Inequality and Growth

Theo S. Eicher,Stephen J. Turnovsky
Inequality and Growth Book PDF

Author : Theo S. Eicher,Stephen J. Turnovsky
Publisher : MIT Press
Page : 343 pages
File Size : 49,8 Mb
Release : 2007-01-26
Category : Business & Economics
ISBN : 9780262550642

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Inequality and Growth by Theo S. Eicher,Stephen J. Turnovsky Pdf

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.

Redistribution, Inequality, and Growth

Mr. Jonathan David Ostry,Mr. Andrew Berg,Mr. Charalambos G. Tsangarides
Redistribution Inequality and Growth Book PDF

Author : Mr. Jonathan David Ostry,Mr. Andrew Berg,Mr. Charalambos G. Tsangarides
Publisher : International Monetary Fund
Page : 30 pages
File Size : 46,5 Mb
Release : 2014-02-17
Category : Business & Economics
ISBN : 9781484397657

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Redistribution, Inequality, and Growth by Mr. Jonathan David Ostry,Mr. Andrew Berg,Mr. Charalambos G. Tsangarides Pdf

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.

The End of Poverty

Peter Edward,Andy Sumner
The End of Poverty Book PDF

Author : Peter Edward,Andy Sumner
Publisher : Springer
Page : 89 pages
File Size : 50,6 Mb
Release : 2019-04-23
Category : Social Science
ISBN : 9783030147648

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The End of Poverty by Peter Edward,Andy Sumner Pdf

In this book Edward and Sumner argue that to better understand the impact of global growth on poverty it is necessary to consider what happens across a wide range of poverty lines. Starting with the same datasets used to produce official estimates of global poverty, they create a model of global consumption that spans the entire world’s population. They go on to demonstrate how their model can be utilised to understand how different poverty lines imply very different visions of how the global economy needs to work in order for poverty to be eradicated.

Links Between Growth, Inequality, and Poverty: A Survey

Ms. Valerie Cerra,Mr. Ruy Lama,Norman Loayza
Links Between Growth Inequality and Poverty A Survey Book PDF

Author : Ms. Valerie Cerra,Mr. Ruy Lama,Norman Loayza
Publisher : International Monetary Fund
Page : 54 pages
File Size : 51,8 Mb
Release : 2021-03-12
Category : Business & Economics
ISBN : 9781513572666

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Links Between Growth, Inequality, and Poverty: A Survey by Ms. Valerie Cerra,Mr. Ruy Lama,Norman Loayza Pdf

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.

Inequality, Development, and Growth

Günseli Berik,Yana van der Meulen Rodgers,Stephanie Seguino
Inequality Development and Growth Book PDF

Author : Günseli Berik,Yana van der Meulen Rodgers,Stephanie Seguino
Publisher : Unknown
Page : 0 pages
File Size : 46,6 Mb
Release : 2011
Category : Economic development
ISBN : 0415609941

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Inequality, Development, and Growth by Günseli Berik,Yana van der Meulen Rodgers,Stephanie Seguino Pdf

This volume presents a comprehensive analysis of the linkages between inequality, development, and growth from a feminist economics perspective offering a rich array of policy options for promoting gender equality. This book was published as a special issue of Feminist Economics.

Confronting Inequality

Jonathan D. Ostry,Prakash Loungani,Andrew Berg
Confronting Inequality Book PDF

Author : Jonathan D. Ostry,Prakash Loungani,Andrew Berg
Publisher : Columbia University Press
Page : 182 pages
File Size : 40,5 Mb
Release : 2019-01-08
Category : Business & Economics
ISBN : 9780231527613

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Confronting Inequality by Jonathan D. Ostry,Prakash Loungani,Andrew Berg Pdf

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.

Poverty, Inequality, and Inclusive Growth in Asia

Juzhong Zhuang
Poverty Inequality and Inclusive Growth in Asia Book PDF

Author : Juzhong Zhuang
Publisher : Anthem Press
Page : 493 pages
File Size : 53,5 Mb
Release : 2010-05
Category : Business & Economics
ISBN : 9780857288066

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Poverty, Inequality, and Inclusive Growth in Asia by Juzhong Zhuang Pdf

While Asia’s growth record in recent decades is remarkable, it has been marred by rising inequalities. This book looks at recent trends of income and non-income inequalities in developing Asian countries, discusses their underlying driving forces, and examines key policy issues that need to be addressed to ensure that the benefits of growth will be more equitably shared in Asia. The book also presents a set of country studies that provide rich information on growth, poverty and inequality dynamics and the policy challenges that arise in marching toward inclusive growth.

Growth, Inequality, and Poverty

Anthony Shorrocks,Rolph van der Hoeven
Growth Inequality and Poverty Book PDF

Author : Anthony Shorrocks,Rolph van der Hoeven
Publisher : OUP Oxford
Page : 300 pages
File Size : 47,7 Mb
Release : 2004-03-04
Category : Business & Economics
ISBN : 9780191533334

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Growth, Inequality, and Poverty by Anthony Shorrocks,Rolph van der Hoeven Pdf

The relationship between growth, inequality, and poverty lies at the heart of development economics. This volume draws together many of the most important recent contributions to the controversies surrounding this topic. Some of the chapters help explain why there is profound disagreement on crucial issues of growth, poverty and inequality within academic circles, and among organizations and various groups active in the development field. Another central theme is the cross-country evidence on the relationship between growth and poverty, and the extent to which it is valid to draw policy conclusions from this empirical evidence. The volume also shows how new microeconomic techniques such as poverty maps and microsimulation models can be used to improve poverty analysis and the design of pro-poor policies. The overall conclusion points to the need for diverse strategies towards growth and poverty, rather than simple blanket policy rules. Initial conditions, specific country structures, and time horizons all play a significant role. Initial conditions affect the speed with which growth reduces poverty and can also determine whether policies such as trade liberalization have a pro-poor or an anti-poor outcome. Improved education is valuable in itself, and also contributes to poverty reduction; but its effect on inequality depends on supply and demand factors, which differ significantly across countries. Likewise, the quantitative impact on poverty of redistribution from the rich to the poor vis-à-vis an increase in total national income can vary greatly across countries. Hence the need for creative approaches to poverty which take full account of the specific circumstances of individual nations and which assign a central role to inequality analysis in the discussion of poverty-alleviation policies.

Inequality, Democracy, and Growth in Brazil

Marcos Mendes
Inequality Democracy and Growth in Brazil Book PDF

Author : Marcos Mendes
Publisher : Academic Press
Page : 280 pages
File Size : 49,9 Mb
Release : 2014-11-20
Category : Business & Economics
ISBN : 9780128019658

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Inequality, Democracy, and Growth in Brazil by Marcos Mendes Pdf

In terms accessible to non-economists, Marcos José Mendes describes the ways democracy and inequality produce low growth in the short and medium terms. In the longer term, he argues that Brazil has two paths in front of it. One is to create the conditions necessary to boost economic performance and drive the country toward a high level of development. The other is to fail in untying the political knot that blocks growth, leaving it a middle-income country. The source of his contrasting futures for Brazil is inequality, which he demonstrates is a relevant variable in any discussion of economic growth. Inequality illuminates causes of seemingly-unconnected problems. This book, which includes freely-accessible documents and datasets, is the first in-depth analysis of an issue that promises to become increasingly prominent. Contrasting visions of Brazil’s future described in economic terms Easy-to-understand graphs and tables illustrate analytical arguments All Excel-based data available on a freely-accessible website

Inequality in the Developing World

Carlos Gradín,Murray Leibbrandt,Finn Tarp
Inequality in the Developing World Book PDF

Author : Carlos Gradín,Murray Leibbrandt,Finn Tarp
Publisher : Oxford University Press
Page : 373 pages
File Size : 54,9 Mb
Release : 2021
Category : Business & Economics
ISBN : 9780198863960

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Inequality in the Developing World by Carlos Gradín,Murray Leibbrandt,Finn Tarp Pdf

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.

Inequality of Opportunity

Juan Gabriel Rodríguez
Inequality of Opportunity Book PDF

Author : Juan Gabriel Rodríguez
Publisher : Emerald Group Publishing
Page : 259 pages
File Size : 45,6 Mb
Release : 2011-10-12
Category : Business & Economics
ISBN : 9781780520346

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Inequality of Opportunity by Juan Gabriel Rodríguez Pdf

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.

Unbound

Heather Boushey
Unbound Book PDF

Author : Heather Boushey
Publisher : Unknown
Page : 305 pages
File Size : 48,7 Mb
Release : 2019
Category : Business & Economics
ISBN : 9780674919310

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Unbound by Heather Boushey Pdf

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.

Growth, Inequality, and Globalization

Philippe Aghion,Jeffrey G. Williamson
Growth Inequality and Globalization Book PDF

Author : Philippe Aghion,Jeffrey G. Williamson
Publisher : Cambridge University Press
Page : 220 pages
File Size : 50,5 Mb
Release : 1998
Category : Business & Economics
ISBN : 0521659108

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Growth, Inequality, and Globalization by Philippe Aghion,Jeffrey G. Williamson Pdf

Two of the world's leading economists discuss fundamental issues of inequality and economic growth.

Redistribution, Inequality, and Growth

Mr.Jonathan David Ostry,Mr.Andrew Berg,Mr.Charalambos G Tsangarides
Redistribution Inequality and Growth Book PDF

Author : Mr.Jonathan David Ostry,Mr.Andrew Berg,Mr.Charalambos G Tsangarides
Publisher : International Monetary Fund
Page : 30 pages
File Size : 46,5 Mb
Release : 2014-02-17
Category : Business & Economics
ISBN : 9781484352076

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Redistribution, Inequality, and Growth by Mr.Jonathan David Ostry,Mr.Andrew Berg,Mr.Charalambos G Tsangarides Pdf

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.

Inequality and Fiscal Policy

Mr.Benedict J. Clements,Ruud A. de Mooij,Mr.Sanjeev Gupta,Mr.Michael Keen
Inequality and Fiscal Policy Book PDF

Author : Mr.Benedict J. Clements,Ruud A. de Mooij,Mr.Sanjeev Gupta,Mr.Michael Keen
Publisher : International Monetary Fund
Page : 450 pages
File Size : 44,9 Mb
Release : 2015-09-21
Category : Business & Economics
ISBN : 9781513567754

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Inequality and Fiscal Policy by Mr.Benedict J. Clements,Ruud A. de Mooij,Mr.Sanjeev Gupta,Mr.Michael Keen Pdf

The sizeable increase in income inequality experienced in advanced economies and many parts of the world since the 1990s and the severe consequences of the global economic and financial crisis have brought distributional issues to the top of the policy agenda. The challenge for many governments is to address concerns over rising inequality while simultaneously promoting economic efficiency and more robust economic growth. The book delves into this discussion by analyzing fiscal policy and its link with inequality. Fiscal policy is the government’s most powerful tool for addressing inequality. It affects households ‘consumption directly (through taxes and transfers) and indirectly (via incentives for work and production and the provision of public goods and individual services such as education and health). An important message of the book is that growth and equity are not necessarily at odds; with the appropriate mix of policy instruments and careful policy design, countries can in many cases achieve better distributional outcomes and improve economic efficiency. Country studies (on the Netherlands, China, India, Republic of Congo, and Brazil) demonstrate the diversity of challenges across countries and their differing capacity to use fiscal policy for redistribution. The analysis presented in the book builds on and extends work done at the IMF, and also includes contributions from leading academics.