World's Growth and Inequalities

  1. Vicente Perdiz, Juan
  2. Rubio Sanz, María Teresa
  3. Decimavilla Herrero, Esther
Revista:
Estudios de economía aplicada

ISSN: 1133-3197,  1697-5731

Año de publicación: 2010

Título del ejemplar: Economía del agua

Volumen: 28

Número: 2

Páginas: 485

Tipo: Artículo

DIALNET GOOGLE SCHOLAR lock_openDialnet editor

Otras publicaciones en: Estudios de economía aplicada

Resumen

After intensive research, the relationship between (mean) growth and (relative) inequality is unresolved, and it will be unresolved because by definition relative inequality is mean independent. In this paper we review some recent empirical literature about the inequality and growth relationship and provide some additional interpretations about the choice of different measures of inequality by using a simple graphical tool called the poorest and richest triangle. The main conclusion of the paper is that, although in the most recent decades scholars may perceive either an increase or a decrease of the world inequality depending on the concept chosen, the world inequality is in any case disturbing because it has increased dramatically in the long term whatever the concept used.

Referencias bibliográficas

  • ANAND, Sudhir and KANBUR, S.M.R. (1993): “The Kuznets process and the inequalitydevelopment relationship”, Journal of Development Economics, 40 (1), 25–52.
  • ANAND, Sudhir and SEGAL, Paul (2008): “What do we know about global income inequality?”, Journal of Economic Literature, 46 (1), 57-94.
  • ANDIC, Suphan and PEACOCK, Alan T. (1961): “The International distribution of income, 1949 and 1957”, Journal of the Royal Statistical Society, Series A (General), 124 (2), 206-218.
  • ATKINSON, Anthony B. and BRANDOLINI, Andrea (2001): “Promise and pitfalls in the use of secondary datasets: Income inequality in OCDE countries as a case study”, Journal of Economic Literature, 39 (3), 771-99.
  • BANERJEE, Abhijit V. and DUFLO, Esther (2003): “Inequality and growth: What can the data say?”, Journal of Economic Growth, 8 (3), 267-299.
  • BARRO, Robert J. (2000): “Inequality and growth in a panel of countries”, Journal of Economic Growth, 5 (1), 5-32.
  • BERTOLA, Giuseppe; FOELLMI, Reto and ZWEIMUÜLLER, Joshep (2006): Income distribution in macroeconomic models, Princeton University Press, New Jersey.
  • BLACKORBY, Charles and DONALDSON, David (1977): “Utility vs equity. Some plausible quasi-orderings”, Journal of Public Economics, 7, 365-381.
  • BLACKORBY, Charles and DONALDSON, David (1978): “Measures of relative equality and their meaning in terms of social welfare”, Journal of Economic Theory, 18(1), 59-80.
  • BOURGUIGNON, François and MORRISSON, Christian (2002): “Inequality among world citizens 1820-1992”, American Economic Review, 92 (4), 727-744.
  • CAPÉAU, Bart and DECOSTER, André (2004): “The rise or fall of world inequality: A spurious controversy?” UNU-WIDER Discussion Paper 04/02.
  • CHAMPERNOWNE, D.G. (1974): “A comparison of measures of inequality of income distribution”, Economic Journal, 84 (336), 787-816.
  • COWELL, F.A. (1985):” ‘A fair suck of the sauce bottle’ or what do you mean by inequality?”, Economic record, 61, 567-579.
  • COWELL, Frank A. (Ed.) (2003): The economics of poverty and inequality. Vol.I, Edward Elgar Publishing, Cheltenham UK.
  • DEININGER, Klaus and SQUIRE, Lyn (1996): “A new dataset measuring income inequality”. World Bank Economic Review, 10 (3), 565-591.
  • DOLLAR, David (2004): “Globalization, poverty, and inequality since 1980” World Bank Policy Research Working Paper 3333.
  • FIELDS, Gary S. (1993): “Inequality in dual economy models”, The Economic Journal, 103 (420), 1228-1235.
  • FORBES, Kristin J. (2000): “A reassessment of the relationship between inequality and growth”. American Economic Review, 90 (4), 869-887.
  • GARCÍA-PEÑALOSA, Cecilia and TURNOVSKY, Sthephen J. (2006): “Growth and income inequality: a canonical model”, Economic Theory 28 (1), 25-49.
  • GROSH, Margaret E.; NAFZIGER, E. Wayne (1986): “The Computation of World Income Distribution”, Economic Development and Cultural Change, 34(2), 347-359.
  • HESTON, Alan; SUMMERS, Robert and ATEN, Bettina (2006): Penn World Table Version 6.2, Center for International Comparisons of Production, Income and Prices at the University of Pennsylvania.
  • JAIN, Shail (1975): Size distribution of income: A compilation of data, Washington DC, World Bank.
  • KANBUR, Ravi (2000): “Income distribution and development” in Handbook of Income Distribution (Eds.), Anthony B. Atkinson and François Bourguignon, North-Holland Elsevier, Amsterdam, 791-841.
  • KNIGTH, John B. (1976): “Explaining income distribution in less developed countries: A framework and an agenda”, Oxford Bulletin of Economics and Statistics, 38 (3),161-177.
  • KOLM, Serge Ch. (1966): “The Optimal Production of Social Justice”, IEAC on Public Economics, Biarritz. Reproduced in Julius Margolis and Henri Guitton (1969): Public Economics (Ed.), McMillan, London, 145-200 and more recent in Lambert, P. (2007):
  • Serge Kolm’s ‘The Optimal Production of Social Justice’ Journal of Economic Inequality, 5, 213-234.
  • KRAVIS, Irving B.; HESTON, Alan W. and SUMMERS, Robert (1978): “Real GNP per capita for more than one hundred countries”, Economic Journal, 88 (350), 215-242.
  • KUZNETS, Simon (1955): “Economic growth and income inequality”, American Economic Review, 45(1), 1-28.
  • LI, Hongyi and ZOU, Heng-Fu (1998): “Income inequality is not harmful to growth: Theory and evidence”, Review of Development Economics, 2 (3), 318-334.
  • LOUNGANI, Prakash (2003): “Inequality: Now you see it, now you don’t”, Finance & Development IMF, 40 (3), 22-23.
  • LUNDBERG, Mattias and SQUIRE, Lyn (2003): “The simultaneous evolution of growth and inequality”, Economic Journal, 113(487), 326-344.
  • MILANOVIC, Branco (2005): Worlds apart: Measuring international and global inequality, Princeton University Press, Princeton and Oxford.
  • OKUN, Arthur M. (1975): Equality and efficiency: The big tradeoff , Brookings Institution Press, Washington.
  • PERSSON, Torsten and TABELLINI, Guido (1994): “Is inequality harmful for growth?”, American Economic Review, 84 (3), 600-621.
  • RAWLS, John (1971): A theory of Justice, Harvard University Press, Cambridge.
  • ROBINSON, Sherman (1976): “A note on the U hypothesis relating income inequality and economic development”, American Economic Review, 66 (3), 437-440.
  • SALA-I-MARTIN, Xavier (2002): “The disturbing rise of global income inequality”, NBER Working Paper 8904.
  • SALA-I-MARTIN, Xavier (2006): “The world distribution of income: falling poverty and ... convergence period”, Quarterly Journal of Economics, 121 (2), 351-397.
  • SEN, Amartya (1973): On Economic Inequality. Oxford University Press.
  • SILBER, Jaques (Ed.) (1999): Handbook of income inequality measurement, Kluwer Academic Publishers, Boston.
  • SWAMY, Subramanian (1967): “Structural changes and the distribution of income by size: The case of India”. Review of Income and Wealth, 13 (2),155-174.
  • TEMKIN, Larry S. (1993): Inequality, Oxford University Press.
  • VICENTE, Juan and BORGE, Luis (2000): “Inequality and growth: inverted and uninverted Ushapes”, Applied Economics Letters, 7(8), 497-500.
  • VICENTE, Juan and RUBIO, Teresa (2006): “In search of an international standard of inequality measurement”, Statistica & Applicazioni, IV (special issue 2), 49-69.
  • WIDER-UNU (2007): World income inequality database (V.2.0b), http://www.wider. unu.edu/research/ Database/en GB/database/.
Fuente de los datos: Dialnet