Public investment, economic growth, and interregional income inequalities
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Economic Research Center, Faculty of Economics, Nagoya University , Nagoya, Japan
Public investments., Regional planning., Income distribution., Regional economic disparities., Economic develop
|Statement||by Nobuhiro Okundo, Tadashi Yagi.|
|Series||International economic conflict discussion paper ;, no. 45|
|Contributions||Yagi, Tadashi, 1935-|
|LC Classifications||HC79.P83 O38 1989|
|The Physical Object|
|Pagination||i, 26 leaves :|
|LC Control Number||90223677|
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Introduction The trade-off relation between economic growth and equality in income distribution has attracted much attention in discussions of public investment and other economic policies. Regional allocation of public investment to raise the growth rate of the economy may expand income inequality among by: The relationship between growth and inequality is complex.
After discussing some general background issues, motivated by extensive empirical evidence this paper focuses on public investment as a key determinant of the relationship.
Two alternative frameworks, each offering sharply contrasting perspectives, are by: 6 Definition of Income 7 Economic Growth 8 The Lewis’ Model 10 Income Distribution 12 General Theories of Income Distribution 12 Theories Of Size Income Distribution 14 3 Economic Growth and Income Inequality: The Empirical Evidence 17 The Kuznets’ Hypothesis 17 The Debate About The InvertedU.
The findings reveal that interregional income inequality in Central Java in the period was high, but it declined in the period economic growth and income inequality affect. economic growth and broad participation in that growth, by enhancing individual economic security, and by embracing a role for effective government in making needed public investments.
Our strategy calls for combining public investment, a secure social. – The purpose of this study is to examine the impact of income inequality on economic growth in the US., – This paper applies the endogenous growth model including human capital and technological progress.
The generalized autoregressive conditional heteroskedasticity (GARCH) technique is applied to estimate regression parameters.
The number of patents granted is chosen to. The paper's central objective is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables.
interregional income inequalities in per capita income. of the model is that economic growth is determined by investment in to maintain a high rate of public investment and its tendency to. Section I: Review of Literature on Pensions and Income Inequality and Economic Growth 10 Income Inequality in the United States.
investment in public education are all lower.
Details Public investment, economic growth, and interregional income inequalities PDF
The national-level analysis also examined the relationship between income inequality and economic growth. The analysis shows that this. There, fast economic growth was accompanied by a massive increase in income inequality.
Russia, on the contrary, became very quickly an unequal country soon after the fall of the Soviet Union. Initially, it experience a period of economic stagnation during the s, although it was partially reversed in the following decade, when Russia.
An econometric model of interregional growth originated by Fukuchi and Nobukuni  has been criticized and revised in a recent paper by the present authors with some interesting conclusions. Capital Stock Public Investment “An Econometric Analysis of National Growth and Regional Income Inequality,” International Economic Review, Proceeding of the 2nd International Conference on Management and Muamalah (2nd ICoMM) 16th – 17th Novembere-ISBN: 1.
INTRODUCTION Economic growth is important for society as it increases real income and consumption, both in absolute and per capita terms, and hence makes us materially better off.
We use data envelopment analysis to measure the relative efficiency among Indonesia’s provinces in using input to produce output over a year period that includes the global economic crisis. We then employ the inequality decomposition technique of a Theil’s second measure to explore the extent to which the efficiency factor contributes to interprovincial income inequality.
Chapter 5 aims to investigate the interregional impacts of FDI in the coastal region on urban–rural income inequality in inland provinces of China.
Through the application of a provincial-level panel dataset containing China’s 19 inland provinces over the period – and the fixed-effects and instrumental variable regression. Public investment is a key driver of long-term productivity and economic growth.
The evidence shows that investments in infrastructure and human capital are critical to ensuring future prosperity in the U.S. economy, particularly when inequality is high. It is time policymakers made a serious commitment to increasing public investment.
It is, therefore, essential to explore and to assess how rapid economic growth in India over the past 25 years has shaped regional income inequalities.
2 In the Solow version of the neoclassical model, the country’s savings and population growth rates, and other technological parameters including the depreciation rate determine the steady.
Economic growth is also closely aligned to factors such as income inequality and income distribution. The issue at stake is an economically and politically charged one, with questions as to how the government can best redistribute income from those with greater income capacity to those with less.
Finally, we move onto an OECD-wide analysis of the relationships between economic growth and interregional inequality. What we observe is that any such relationships are very weak, and the only real evidence of a positive relationship is in the post crisis period, a result which points to differentials in regional resilience rather than.
income inequality using a large panel data set covering more than countries over a time period of 40 years (). They concluded that a greater availability and quality of. KUZNETS: ECONOMIC GROWTH AND INCOME INEQUALITY 3 groups that, judged by their secular levels, migrate upward or down-ward on the income scale.
Even if we had data to approximate the income structure just out-lined, the broad question posed at the start-how income inequality changes in the process of a country's economic growth-could be. What unites areas of low mobility, Hendren says, are broken family structures, reduced levels of civic and community engagement, lower-quality K education, greater racial and economic segregation, and broader income inequality.
In addition, 90 percent of American workers have seen their wages stall while their costs of living continue to rise. The purpose of this paper is to analyse the impact of foreign direct investment (FDI) on urban-rural income inequality in China.,This study uses the provincial-level panel data and employs the fixed-effects instrumental variable regression technique to investigate empirically the impact of FDI on urban-rural income inequality in China.,The study finds that while FDI has directly contributed to.
Within the context of reigniting post crisis macroeconomic growth, income inequality has emerged as a topic of significant interest for both academics and policymakers (Bastagli, Coady, and Gupta, ) This study builds on past literature on fiscal decentralization suggesting that redistribution is most effectively carried out at sub-central levels of government.
Income inequality through decades and books. Discussions on inequality are gathering momentum in policy and academia. One indication of this trend is the frequency of the word “income inequality” occurring in Google’s corpus of books in English (British and American) in the 20th Century.
Since the economic reforms implemented in lateChina has achieved remarkable results in increasing per capita income and improving the living standards of the Chinese people, which have been attributed to the rapid economic growth.
However, with this fast economic growth, income inequality, especially urban–rural income inequality, in China has actually worsened.
Downloadable. In this paper well-known summary inequality indexes are used to explore interregional income inequalities in Europe. In particular, we mainly employ Theils’population-weighted index because of its appealing properties.
Two decomposition analysis are applied. First, regional inequalities are decomposed by regional subgroups (countries).
Description Public investment, economic growth, and interregional income inequalities FB2
Economic and Social Costs from Rising Inequality. Inthe per capita income of the 15 richest nations was 44 times that of the 15 poorest, bythat multiple had increased to However inreflecting better economic performance in several developing and transition countries; the ratio had fallen to The Kuznets Curve and.
Economic Growth and Income Inequality Simon Kuznets The Cellophane Case and the New Competition G. Stocking and W. Mueller The Taxonomic Approach to the Study of Economic Policies A.
Day The Impact of Labor Disputes upon Coal Consumption C. Christenson Spatial and Locational Aspects of Metropolitan Labor Markets William Goldner. Inthe ratio between the income of the top and bottom 20 percent of the world's population was three to one.
Byit was eighty-six to one. A study titled "Divided we Stand: Why Inequality Keeps Rising" by the Organisation for Economic Co-operation and Development (OECD) sought to explain the causes for this rising inequality by investigating economic inequality in OECD.
Sergio J. Rey, "Spatial Analysis of Regional Income Inequality," Urban/RegionalUniversity Library of Munich, Germany. Carlos R. Azzoni, "Economic growth and regional income inequality in Brazil," The Annals of Regional Science, Springer;Western Regional Science Association, vol.
35(1), pages. Published Versions. Philippe Aghion & Ufuk Akcigit & Antonin Bergeaud & Richard Blundell & David Hemous, "Innovation and Top Income Inequality," Review of Economic Studies, Oxford University Press, vol.
86(1), pages citation courtesy of.Regional inequalities in the EU. SUMMARY. The issue of inequality has gained increasing importance in the public and political agenda in the aftermath of the financial and economic crisis, and in the context of political movements representing the 'places left behind'.
Inequality may relate to income .“Human Capital, Economic Growth, and Inequality in China,” (with J. Yi). Forthcoming in The Oxford Companion to the Economics of China on Human Capital, Shenggen Fan, Ravi Kanbur, Shang-Jin Wei and Xiaobo Zhang, editors. Oxford, UK: Oxford University Press. ().
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