Economic growth and income disparity in BRIC: theory and empirical evidence
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Singapore
World Scientific Pub. Co.
c2014
|
| Schlagworte: | |
| Online-Zugang: | DE-860 Volltext |
| Beschreibung: | Includes bibliographical references (p. 143-149) and index Ch. 1. Introduction: BRIC and the world economy -- ch. 2. Political and economic history of BRIC. 2.1. Brazil. 2.2. Russia. 2.3. India. 2.4. China -- ch. 3. Economic growth, income inequality, and poverty. 3.1. Growth models and growth-inequality relationship. 3.2. Inequality measures. 3.3. Uniform income transfers. 3.4. Growth and distribution -- ch. 4. Descriptive statistics and basic regression estimates for BRIC. 4.1. India. 4.2. China. 4.3. Brazil. 4.4. Russia -- ch. 5. Growth and inequality in BRIC: econometric estimation. 5.1. Estimation method and framework: the varying coefficient model. 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 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 model, 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 initial 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 initial 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 |
| Beschreibung: | 1 Online-Ressource (xi, 153 p.) |
| ISBN: | 9789814415927 9814415928 9789814415910 |
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| 245 | 1 | 0 | |a Economic growth and income disparity in BRIC |b theory and empirical evidence |c Monica Das, Sandwip Kumar Das |
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| 500 | |a Includes bibliographical references (p. 143-149) and index | ||
| 500 | |a Ch. 1. Introduction: BRIC and the world economy -- ch. 2. Political and economic history of BRIC. 2.1. Brazil. 2.2. Russia. 2.3. India. 2.4. China -- ch. 3. Economic growth, income inequality, and poverty. 3.1. Growth models and growth-inequality relationship. 3.2. Inequality measures. 3.3. Uniform income transfers. 3.4. Growth and distribution -- ch. 4. Descriptive statistics and basic regression estimates for BRIC. 4.1. India. 4.2. China. 4.3. Brazil. 4.4. Russia -- ch. 5. Growth and inequality in BRIC: econometric estimation. 5.1. Estimation method and framework: the varying coefficient model. 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 | ||
| 500 | |a 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 model, 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. | ||
| 500 | |a 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 initial 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 initial conditions in determining the patterns of development. | ||
| 500 | |a Each country's experience is unique, but the theoretical model goes a long way to explain their growth-inequality experience | ||
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Datensatz im Suchindex
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| adam_text | |
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| author | Das, Monica |
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| building | Verbundindex |
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| dewey-full | 339.2 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 339 - Macroeconomics and related topics |
| dewey-raw | 339.2 |
| dewey-search | 339.2 |
| dewey-sort | 3339.2 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| indexdate | 2025-01-10T07:00:22Z |
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| isbn | 9789814415927 9814415928 9789814415910 |
| language | English |
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| publisher | World Scientific Pub. Co. |
| record_format | marc |
| spelling | Das, Monica Verfasser aut Economic growth and income disparity in BRIC theory and empirical evidence Monica Das, Sandwip Kumar Das Singapore World Scientific Pub. Co. c2014 1 Online-Ressource (xi, 153 p.) txt rdacontent c rdamedia cr rdacarrier Includes bibliographical references (p. 143-149) and index Ch. 1. Introduction: BRIC and the world economy -- ch. 2. Political and economic history of BRIC. 2.1. Brazil. 2.2. Russia. 2.3. India. 2.4. China -- ch. 3. Economic growth, income inequality, and poverty. 3.1. Growth models and growth-inequality relationship. 3.2. Inequality measures. 3.3. Uniform income transfers. 3.4. Growth and distribution -- ch. 4. Descriptive statistics and basic regression estimates for BRIC. 4.1. India. 4.2. China. 4.3. Brazil. 4.4. Russia -- ch. 5. Growth and inequality in BRIC: econometric estimation. 5.1. Estimation method and framework: the varying coefficient model. 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 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 model, 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 initial 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 initial 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 BUSINESS & ECONOMICS / Economics / Macroeconomics bisacsh POLITICAL SCIENCE / Economic Conditions bisacsh Wirtschaft Wirtschaftsentwicklung Income distribution Brazil Income distribution Russia (Federation) Income distribution India Income distribution China Economic development Brazil Economic development Russia (Federation) Economic development India Economic development China Einkommensdisparität (DE-588)4194476-8 gnd rswk-swf Wirtschaftsentwicklung (DE-588)4066438-7 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf Brasilien Indien 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 1\p DE-604 Das, Sandwip K. Sonstige oth World Scientific (Firm) Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=661912 Aggregator Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Das, Monica Economic growth and income disparity in BRIC theory and empirical evidence BUSINESS & ECONOMICS / Economics / Macroeconomics bisacsh POLITICAL SCIENCE / Economic Conditions bisacsh Wirtschaft Wirtschaftsentwicklung Income distribution Brazil Income distribution Russia (Federation) Income distribution India Income distribution China Economic development Brazil Economic development Russia (Federation) Economic development India Economic development China 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 | BUSINESS & ECONOMICS / Economics / Macroeconomics bisacsh POLITICAL SCIENCE / Economic Conditions bisacsh Wirtschaft Wirtschaftsentwicklung Income distribution Brazil Income distribution Russia (Federation) Income distribution India Income distribution China Economic development Brazil Economic development Russia (Federation) Economic development India Economic development China Einkommensdisparität (DE-588)4194476-8 gnd Wirtschaftsentwicklung (DE-588)4066438-7 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| topic_facet | BUSINESS & ECONOMICS / Economics / Macroeconomics POLITICAL SCIENCE / Economic Conditions Wirtschaft Wirtschaftsentwicklung Income distribution Brazil Income distribution Russia (Federation) Income distribution India Income distribution China Economic development Brazil Economic development Russia (Federation) Economic development India Economic development China Einkommensdisparität Wirtschaftswachstum Brasilien Indien BRIC-Staaten |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=661912 |
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