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The Resource Economic growth and income disparity in BRIC : theory and empirical evidence, Monica Das and Sandwip Kumar Das

Economic growth and income disparity in BRIC : theory and empirical evidence, Monica Das and Sandwip Kumar Das

Label
Economic growth and income disparity in BRIC : theory and empirical evidence
Title
Economic growth and income disparity in BRIC
Title remainder
theory and empirical evidence
Statement of responsibility
Monica Das and Sandwip Kumar Das
Title variation
Economic growth and income disparity in Brazil, Russia, India, and China
Creator
Contributor
Author
Subject
Language
eng
Summary
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 --
Assigning source
Provided by Publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Das, Monica
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Das, Sandwip K.
http://library.link/vocab/subjectName
  • Income distribution
  • Income distribution
  • Income distribution
  • Income distribution
  • Economic development
  • Economic development
  • Economic development
  • Economic development
Label
Economic growth and income disparity in BRIC : theory and empirical evidence, Monica Das and Sandwip Kumar Das
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
Introduction: BRIC and the World Economy. Political and Economic History of BRIC: Brazil Russia India China. Economic Growth, Income Inequality, and Poverty: Growth Models and Growth-Inequality Relationship Inequality Measures Uniform Income Transfers Growth and Distribution. Descriptive Statistics and Basic Regression Estimates for BRIC: India China Brazil Russia. Growth and Inequality in BRIC: Econometric Estimation: Estimation Method and Framework: The Varying Coefficient Model Framework, Data, and Results Case of India Case of China Case of Brazil Case of Russia Regression with Low versus High Inequality Subgroups Regression with Low Growth versus High Growth Subgroups Regression Results with Low Corruption versus High Corruption Subgroups Regression Results with Role of Government Spending
Control code
FIEb17173292
Dimensions
24 cm.
Extent
xii, 153 pages
Isbn
9789814415910
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)853313607
Label
Economic growth and income disparity in BRIC : theory and empirical evidence, Monica Das and Sandwip Kumar Das
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
Introduction: BRIC and the World Economy. Political and Economic History of BRIC: Brazil Russia India China. Economic Growth, Income Inequality, and Poverty: Growth Models and Growth-Inequality Relationship Inequality Measures Uniform Income Transfers Growth and Distribution. Descriptive Statistics and Basic Regression Estimates for BRIC: India China Brazil Russia. Growth and Inequality in BRIC: Econometric Estimation: Estimation Method and Framework: The Varying Coefficient Model Framework, Data, and Results Case of India Case of China Case of Brazil Case of Russia Regression with Low versus High Inequality Subgroups Regression with Low Growth versus High Growth Subgroups Regression Results with Low Corruption versus High Corruption Subgroups Regression Results with Role of Government Spending
Control code
FIEb17173292
Dimensions
24 cm.
Extent
xii, 153 pages
Isbn
9789814415910
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)853313607

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