Economic growth and income disparity in BRIC :: theory and empirical evidence /
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 eco...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Singapore ; Hackensack, N.J. :
World Scientific Pub. Co.,
©2014.
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| Online-Zugang: | Volltext |
| Zusammenfassung: | 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 resource (xi, 153 pages) : illustrations |
| Bibliographie: | Includes bibliographical references (pages 143-149) and index. |
| ISBN: | 9789814415927 9814415928 |
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| 100 | 1 | |a Das, Monica. | |
| 245 | 1 | 0 | |a Economic growth and income disparity in BRIC : |b theory and empirical evidence / |c Monica Das, Sandwip Kumar Das. |
| 260 | |a Singapore ; |a Hackensack, N.J. : |b World Scientific Pub. Co., |c ©2014. | ||
| 300 | |a 1 online resource (xi, 153 pages) : |b illustrations | ||
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| 504 | |a Includes bibliographical references (pages 143-149) and index. | ||
| 505 | 0 | |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. | |
| 520 | |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. 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. | ||
| 650 | 0 | |a Income distribution |z Brazil. | |
| 650 | 0 | |a Income distribution |z Russia (Federation) | |
| 650 | 0 | |a Income distribution |z India. | |
| 650 | 0 | |a Income distribution |z China. |0 http://id.loc.gov/authorities/subjects/sh85064768 | |
| 650 | 0 | |a Economic development |z Brazil. | |
| 650 | 0 | |a Economic development |z Russia (Federation) | |
| 650 | 0 | |a Economic development |z India. | |
| 650 | 0 | |a Economic development |z China. | |
| 650 | 6 | |a Revenu |x Répartition |z Brésil. | |
| 650 | 6 | |a Revenu |x Répartition |z Russie. | |
| 650 | 6 | |a Revenu |x Répartition |z Inde. | |
| 650 | 6 | |a Développement économique |z Brésil. | |
| 650 | 6 | |a Développement économique |z Russie. | |
| 650 | 6 | |a Développement économique |z Inde. | |
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| 700 | 1 | |a Das, Sandwip K. | |
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| author | Das, Monica |
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| contents | 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. |
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| dewey-ones | 339 - Macroeconomics and related topics |
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| dewey-search | 339.2 |
| dewey-sort | 3339.2 |
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| discipline | Wirtschaftswissenschaften |
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| geographic | Brazil fast https://id.oclc.org/worldcat/entity/E39QbtfRB9KGtqfkFTFbfB77QY China fast https://id.oclc.org/worldcat/entity/E39PBJdCqh8h6hJY7PT6MQW4bd India fast https://id.oclc.org/worldcat/entity/E39PBJmdx47cDXrRhBXHtbvPwC Russia (Federation) fast https://id.oclc.org/worldcat/entity/E39PBJhhmCp3jtcMQbx3WgpXVC |
| geographic_facet | Brazil China India Russia (Federation) |
| id | ZDB-4-EBA-ocn860388405 |
| illustrated | Illustrated |
| indexdate | 2024-11-27T13:25:34Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/no2001005546 |
| isbn | 9789814415927 9814415928 |
| language | English |
| oclc_num | 860388405 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (xi, 153 pages) : illustrations |
| psigel | ZDB-4-EBA |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | World Scientific Pub. Co., |
| record_format | marc |
| spelling | Das, Monica. Economic growth and income disparity in BRIC : theory and empirical evidence / Monica Das, Sandwip Kumar Das. Singapore ; Hackensack, N.J. : World Scientific Pub. Co., ©2014. 1 online resource (xi, 153 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier Includes bibliographical references (pages 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. Income distribution Brazil. Income distribution Russia (Federation) Income distribution India. Income distribution China. http://id.loc.gov/authorities/subjects/sh85064768 Economic development Brazil. Economic development Russia (Federation) Economic development India. Economic development China. Revenu Répartition Brésil. Revenu Répartition Russie. Revenu Répartition Inde. Développement économique Brésil. Développement économique Russie. Développement économique Inde. Développement économique Chine. BUSINESS & ECONOMICS Economics Macroeconomics. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Economic development fast Income distribution fast Brazil fast https://id.oclc.org/worldcat/entity/E39QbtfRB9KGtqfkFTFbfB77QY China fast https://id.oclc.org/worldcat/entity/E39PBJdCqh8h6hJY7PT6MQW4bd India fast https://id.oclc.org/worldcat/entity/E39PBJmdx47cDXrRhBXHtbvPwC Russia (Federation) fast https://id.oclc.org/worldcat/entity/E39PBJhhmCp3jtcMQbx3WgpXVC Das, Sandwip K. World Scientific (Firm) http://id.loc.gov/authorities/names/no2001005546 Print version: 9789814415910 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=661912 Volltext |
| spellingShingle | Das, Monica Economic growth and income disparity in BRIC : theory and empirical evidence / 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. Income distribution Brazil. Income distribution Russia (Federation) Income distribution India. Income distribution China. http://id.loc.gov/authorities/subjects/sh85064768 Economic development Brazil. Economic development Russia (Federation) Economic development India. Economic development China. Revenu Répartition Brésil. Revenu Répartition Russie. Revenu Répartition Inde. Développement économique Brésil. Développement économique Russie. Développement économique Inde. Développement économique Chine. BUSINESS & ECONOMICS Economics Macroeconomics. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Economic development fast Income distribution fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85064768 |
| 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 | Income distribution Brazil. Income distribution Russia (Federation) Income distribution India. Income distribution China. http://id.loc.gov/authorities/subjects/sh85064768 Economic development Brazil. Economic development Russia (Federation) Economic development India. Economic development China. Revenu Répartition Brésil. Revenu Répartition Russie. Revenu Répartition Inde. Développement économique Brésil. Développement économique Russie. Développement économique Inde. Développement économique Chine. BUSINESS & ECONOMICS Economics Macroeconomics. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Economic development fast Income distribution fast |
| topic_facet | 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. Revenu Répartition Brésil. Revenu Répartition Russie. Revenu Répartition Inde. Développement économique Brésil. Développement économique Russie. Développement économique Inde. Développement économique Chine. BUSINESS & ECONOMICS Economics Macroeconomics. POLITICAL SCIENCE Economic Conditions. Economic development Income distribution Brazil China India Russia (Federation) |
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