Economic growth and income disparity in BRIC: theory and empirical evidence
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New Jersey, NJ [u.a.]
World Scientific
2014
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis Klappentext |
| Item Description: | Literaturangaben |
| Physical Description: | XII, 153 S. graph. Darst. |
| ISBN: | 9789814415910 |
Staff View
MARC
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Record in the Search Index
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| adam_text |
Contents
Preface
vii
About the Authors
xí
Chapter
1.
Introduction:
BRIC
and the World Economy
1
Chapter
2.
Political and Economic History of
BRIC
13
2.1
Brazil
. 13
2.2
Russia
. 20
2.3
India
. 28
2.4
China
. 35
Chapter
3.
Economic Growth, Income Inequality, and Poverty
43
3.1
Growth Models and Growth—Inequality
Relationship
. 45
3.2
Inequality Measures
. 47
3.3
Uniform Income Transfers
. 52
3.4
Growth and Distribution
. 56
Chapter
4.
Descriptive Statistics and Basic Regression Estimates
for
BRIC
67
4.1
India
. 67
4.2
China
. 74
4.3
Brazil
. 83
4.4
Russia
. 91
Chapter
5.
Growth and Inequality in
BRIC:
Econometric
Estimation
101
5.1
Estimation Method and Framework: The
Varying Coefficient Model
. 101
vi Economie
Growth and income Disparity in
BRIC
5.2
Framework, Data, and Results
.
5.3
Case of India
.
5.4
Case of China
.
5.5
Case of Brazil
.
5.6
Case of Russia
.
5.7
Regression with Low versus High Inequality
Subgroups
.
5.8
Regression with Low Growth versus High
Growth Subgroups
.
5.9
Regression Results with Low Corruption versus
High Corruption Subgroups
.
5.10
Regression Results with Role of Government
Spending
.
Bibliography
Index
102
104
107
109
111
113
116
121
128
143
151
ECONOMIC
GROWTH and
INCOME DISPARITY
ir
The recent interest in the development
processes of
BRIC
countries (Brazil, Russia,
India and China) has been triggered by their
high growth performance, but their political
and social backgrounds are entirely different.
This book traces the economic history of
BRIC
countries to understand their economic and
social institutions. The only common theme in this growth story is the
high levels of income disparities and poverty that are observed even
during the high growth decades. In order to understand the interaction
between economic growth, income inequality and poverty, the book
develops a theoretical framework that incorporates a mechanism of
uniform income transfers in a growth mode!, where economic growth
is the result of accumulation. Income transfer mechanism operates in
all countries in the form of a progressive taxation system, pension
funds, government's anti-poverty programs, employment guarantee
schemes, land reforms, etc. It is not necessarily true that such income
transfers would invariably reduce growth rates. The relationship
between economic growth and income inequality depends on certain
initial conditions. For instance, if the
initiai
distribution of income is
fairly unequal, growth induces greater equality. On the other hand, at
high levels of per capita incomes, growth may raise inequality if the
initial level of inequality is not very high. This brings a new dimension
in the "inverted-U hypothesis." Based on econometric modeling of
growth-inequality nexus, the book examines the patterns of growth
and economic disparities in
BRIC
countries over long periods of time,
including the recent high growth phase. Two inequality measures
applied in this study are
Gini
Coefficient and Theil's entropy measures,
depending on data availability. Attempts have been made to identify
the sources of inequality and the role of
initiai
conditions in determining
the patterns of development. Each country's experience is unique, but
the theoretical model goes a long way to explain their growth-
inequality experience.
World Scientific
www.worldscientific.com
8545
he
ISBN
978-981-4415-91-0
9 '789814415910 |
| any_adam_object | 1 |
| author | Das Gupta, Monica 1975- Das, Sandwip Kumar 1942- |
| author_GND | (DE-588)170518043 (DE-588)170027562 |
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| bvnumber | BV041141986 |
| classification_rvk | QG 020 |
| ctrlnum | (OCoLC)869848863 (DE-599)OBVAC10752559 |
| discipline | Wirtschaftswissenschaften |
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| geographic_facet | BRIC-Staaten |
| id | DE-604.BV041141986 |
| illustrated | Illustrated |
| indexdate | 2025-01-10T07:00:20Z |
| institution | BVB |
| isbn | 9789814415910 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-026117602 |
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| physical | XII, 153 S. graph. Darst. |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | World Scientific |
| record_format | marc |
| spelling | Das Gupta, Monica 1975- Verfasser (DE-588)170518043 aut Economic growth and income disparity in BRIC theory and empirical evidence Monica Das ; Sandwip Kumar Das New Jersey, NJ [u.a.] World Scientific 2014 XII, 153 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Literaturangaben Einkommensdisparität (DE-588)4194476-8 gnd rswk-swf Wirtschaftsentwicklung (DE-588)4066438-7 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf BRIC-Staaten (DE-588)7749638-3 gnd rswk-swf BRIC-Staaten (DE-588)7749638-3 g Wirtschaftsentwicklung (DE-588)4066438-7 s Wirtschaftswachstum (DE-588)4066527-6 s Einkommensdisparität (DE-588)4194476-8 s DE-604 Das, Sandwip Kumar 1942- Verfasser (DE-588)170027562 aut Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026117602&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026117602&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext |
| spellingShingle | Das Gupta, Monica 1975- Das, Sandwip Kumar 1942- Economic growth and income disparity in BRIC theory and empirical evidence Einkommensdisparität (DE-588)4194476-8 gnd Wirtschaftsentwicklung (DE-588)4066438-7 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| subject_GND | (DE-588)4194476-8 (DE-588)4066438-7 (DE-588)4066527-6 (DE-588)7749638-3 |
| title | Economic growth and income disparity in BRIC theory and empirical evidence |
| title_auth | Economic growth and income disparity in BRIC theory and empirical evidence |
| title_exact_search | Economic growth and income disparity in BRIC theory and empirical evidence |
| title_full | Economic growth and income disparity in BRIC theory and empirical evidence Monica Das ; Sandwip Kumar Das |
| title_fullStr | Economic growth and income disparity in BRIC theory and empirical evidence Monica Das ; Sandwip Kumar Das |
| title_full_unstemmed | Economic growth and income disparity in BRIC theory and empirical evidence Monica Das ; Sandwip Kumar Das |
| title_short | Economic growth and income disparity in BRIC |
| title_sort | economic growth and income disparity in bric theory and empirical evidence |
| title_sub | theory and empirical evidence |
| topic | Einkommensdisparität (DE-588)4194476-8 gnd Wirtschaftsentwicklung (DE-588)4066438-7 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| topic_facet | Einkommensdisparität Wirtschaftsentwicklung Wirtschaftswachstum BRIC-Staaten |
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