One third of the world's growth and inequality

Quah, Danny (2002) One third of the world's growth and inequality. CEP discussion paper; CEPDP0535 (535). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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Abstract

This paper studies growth and inequality in China and India – two economies that account for a third of the world’s population. By modelling growth and inequality as components in a joint stochastic process, the paper calibrates the impact each has on different welfare indicators and on the personal income distribution across the joint population of the two countries. For personal income inequalities in a China-India universe, the forces assuming first-order importance are macroeconomic: growing average incomes dominate all else. The relation between aggregate economic growth and within-country inequality is insignificant for inequality dynamics.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk
Additional Information:	© 2002 Danny Quah
Divisions:	Centre for Economic Performance Economics
Subjects:	H Social Sciences > HT Communities. Classes. Races H Social Sciences > HN Social history and conditions. Social problems. Social reform
JEL classification:	D - Microeconomics > D3 - Distribution > D30 - General O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O10 - General O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O57 - Comparative Studies of Countries
Date Deposited:	27 Apr 2007
Last Modified:	15 Sep 2023 22:51
URI:	http://eprints.lse.ac.uk/id/eprint/2019

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