Income Distribution and Development
TLDR
In this article, a review of the post-war literature on income distribution and development is presented, arguing that the literature has cycled from one consensus to another, responding to emerging policy issues and new analysis.Abstract:
This paper is a review of the post-war literature on income distribution and development. It argues that the literature has cycled from one consensus to another, responding to emerging policy issues and new analysis. On the basis of the review, the paper identifies five areas that will command the attention of analysts in the coming two decades: (i) country case studies rather than cross-country regression analysis; (ii) the phenomenon of increasing inequality; (iii) different levels of disaggregation, particularly distribution between broadly defined groups; (iv) intra-household allocation; and (v) alternative modes of redistribution in face of inequality increasing tendencies.read more
Citations
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Journal ArticleDOI
Inequality and Growth in a Panel of Countries
TL;DR: In this paper, a broad panel of countries showed little overall relation between income inequality and rates of growth and investment, while the Kuznets curve is a clear empirical regularity, but it does not explain the bulk of variations in inequality across countries or over time.
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Explaining International and Intertemporal Variations in Income Inequality
Hongyi Li,Lyn Squire,Heng-Fu Zou +2 more
TL;DR: Deininger and Squire as mentioned in this paper showed that the predicted variables associated with the first argument (a measure of civil liberties and the initial level of secondary schooling) are indeed important determinants of inequality.
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Fifty Years of Regional Inequality in China A Journey through Central Planning, Reform, and Openness
Ravi Kanbur,Xiaobo Zhang +1 more
TL;DR: In this paper, a long-run time series for regional inequality in China from the Communist Revolution to the present was constructed and analyzed, showing that there have been three peaks of inequality in the last fifty years, coinciding with the Great Famine of the late 1950s, the Cultural Revolution of late 1960s and 1970s and finally the period of openness and global integration in the late 1990s.
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Development as institutional change: The pitfalls of monocropping and the potentials of deliberation
TL;DR: In this paper, the authors argue that instead of expanding the range of institutional strategies explored, the most prominent policy consequence of this "institutional turn" has been the rise of institutional monocropping: the imposition of blueprints based on idealized versions of Anglo-American institutions, the applicability of which is presumed to transcend national circumstances and cultures.
BookDOI
Equity and growth in developing countries : old and new perspectives on the policy issues
TL;DR: Bruno, Ravallion, and Squire as discussed by the authors found no sign in the new cross-country data they assembled that growth has any systematic impact on inequality, and they suggested that the relationship between growth and distribution is not as simple as some theories have held.
References
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The mechanics of economic development
Abstract: This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.
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Increasing Returns and Long-Run Growth
TL;DR: In this paper, the authors present a fully specified model of long-run growth in which knowledge is assumed to be an input in production that has increasing marginal productivity, which is essentially a competitive equilibrium model with endogenous technological change.
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On the mechanics of economic development
TL;DR: In this article, the authors consider the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development, and compare three models and compared to evidence.
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A Contribution to the Empirics of Economic Growth
TL;DR: The authors examined whether the Solow growth model is consistent with the international variation in the standard of living, and they showed that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data.
ReportDOI
Economic Growth in a Cross Section of Countries
TL;DR: For 98 countries in the period 1960-1985, the growth rate of real per capita GDP is positively related to initial human capital (proxied by 1960 school-enrollment rates) and negatively related to the initial (1960) level as mentioned in this paper.