Currency Conversion White Papers
Growth and Distribution
Overview This paper analyzes country growth and income distributions as outcomes dynamically and jointly determined from another more fundamental underlying mechanism. This recasts emphasis in studies of economic growth, and reorients discussion of inequality and growth. The focus allows a selective survey of growth models where cross-section distributional effects are key. The analysis suggests that two elements matter for the cross section dynamics of countries: (1)~technology---for understanding the expansion in performance possibilities for an economy viewed in isolation---and (2)~dissemination---for understanding the co-evolution of those for many economies viewed jointly. For distribution dynamics across people, the paper finds that empirically the impact of historically-observed aggregate growth overwhelms that of changes in measured cross-sectional inequality.
| Publisher | LSE Economics Department | File Format | PDF, requires Acrobat Rdr 5 |
|---|---|---|---|
| Date Published | August 2000 | Downloads | 28 |
| Format | White Papers | ||
| Topics | |||
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