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Author: Marcelo Byrro Ribeiro
Publisher: Cambridge University Press
ISBN: 1108850707
Category : Business & Economics
Languages : en
Pages : 335
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Book Description
Econophysics has been used to study a range of economic and financial systems. This book uses the econophysical perspective to focus on the income distributive dynamics of economic systems. It focuses on the empirical characterization and dynamics of income distribution and its related quantities from the epistemological and practical perspectives of contemporary physics. Several income distribution functions are presented which fit income data and results obtained by statistical physicists on the income distribution problem. The book discusses two separate research traditions: the statistical physics approach, and the approach based on non-linear trade cycle models of macroeconomic dynamics. Several models of distributive dynamics based on the latter approach are presented, connecting the studies by physicists on distributive dynamics with the recent literature by economists on income inequality. As econophysics is such an interdisciplinary field, this book will be of interest to physicists, economists, statisticians and applied mathematicians.
Author: Marcelo Byrro Ribeiro
Publisher: Cambridge University Press
ISBN: 1108850707
Category : Business & Economics
Languages : en
Pages : 335
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Book Description
Econophysics has been used to study a range of economic and financial systems. This book uses the econophysical perspective to focus on the income distributive dynamics of economic systems. It focuses on the empirical characterization and dynamics of income distribution and its related quantities from the epistemological and practical perspectives of contemporary physics. Several income distribution functions are presented which fit income data and results obtained by statistical physicists on the income distribution problem. The book discusses two separate research traditions: the statistical physics approach, and the approach based on non-linear trade cycle models of macroeconomic dynamics. Several models of distributive dynamics based on the latter approach are presented, connecting the studies by physicists on distributive dynamics with the recent literature by economists on income inequality. As econophysics is such an interdisciplinary field, this book will be of interest to physicists, economists, statisticians and applied mathematicians.
Author: Marcelo Byrro Ribeiro
Publisher:
ISBN: 9781107465770
Category : Econophysics
Languages : en
Pages :
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Book Description
"The book deals with the empirical characterization and dynamics of income distribution and its related quantities from the epistemological and practical perspectives of contemporary physics. Part I discusses the methodological basis of econophysics, several distribution functions used to model the income data and presents empirical evidence supporting those distribution functions. Thomas Piketty's book on inequality is also partially reviewed. Part II discusses income and wealth distributions from the viewpoint of statistical physics, presenting a series of models of the income distribution characterization and dynamics. Part III deals with income distribution under the viewpoint that economic systems have circular flows. This dynamic approach is able to connect income classes to macroeconomic trade cycle theories. Issues like uncertainty, confidence, investment and stability are discussed and the Goodwin macroeconomic dynamics of growth with cycles is discussed in detail. Several other models based or inspired on this macrodynamics are presented and discussed"--
Author: François Bourguignon
Publisher: World Bank Publications
ISBN: 9780821358610
Category : Business & Economics
Languages : en
Pages : 438
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Book Description
This book is about how the distribution of income changes during the process of income development. Understanding development and the process of poverty reduction requires understanding not only how total income grows but also how its distribution behaves over time. The authors propose a decomposition of differences in entire distributions of household incomes, shedding new light on the powerful, and often conflicting, forces that underpin the changes in poverty and inequality that accompany the process of economic development. This approach is applied to three East Asian countries -- Indonesia, Malaysia, and China -- and to four in Latin America -- Argentina, Brazil, Colombia, and Mexico.
Author: Carlos Góes
Publisher: International Monetary Fund
ISBN: 1475527691
Category : Business & Economics
Languages : en
Pages : 27
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Book Description
Thomas Piketty's Capital in the Twenty-First Century puts forth a logically consistent explanation for changes in income and wealth inequality patterns. However, while rich in data, the book provides no formal empirical testing for its theoretical causal chain. In this paper, I build a set of Panel SVAR models to check if inequality and capital share in the national income move up as the r-g gap grows. Using a sample of 19 advanced economies spanning over 30 years, I find no empirical evidence that dynamics move in the way Piketty suggests. Results are robust to several alternative estimates of r-g.
Author: Vito Tanzi
Publisher: MIT Press
ISBN: 9780262201094
Category : Business & Economics
Languages : en
Pages : 448
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Book Description
The contributors argue that there need not be a trade-off between growth and equity in the long run. However, attempts by government to influence income distribution through large-scale tax and transfer programs can have a negative impact on growth. The contrast is vivid. While the majority of people in the industrial world and some in the developing world enjoy unprecedented affluence, a far greater number of people in the low-income countries live in abject poverty. Although several developing countries are achieving rapid economic growth and poverty reduction, most formerly centrally planned countries are struggling to implement market-oriented reforms in the midst of economic deterioration and rising poverty. The paramount importance of reducing poverty worldwide is forcing economists and policymakers to look at how income distribution and economic growth interact. The essays in this volume grew out of a 1995 conference sponsored by the International Monetary Fund. The contributors are scholars and policymakers from academic institutions, governments, and international organizations. The questions discussed include: How does income distribution interact with economic growth in the short run and the long run? To what extent can government use transfer programs to increase the incomes of the poor? How can government use social programs to help the poor increase their income-earning capacity? Does distributional inequality create an obstacle to long-term poverty reduction? Alternatively, is distributional inequality a necessary means of achieving economic growth? Generally, the contributors agree that there need not be a trade-off between growth and equity in the long run. However, attempts by government to influence income distribution through large-scale tax and transfer programs can have a negative impact on growth.
Author: Giuseppe Bertola
Publisher: Princeton University Press
ISBN: 0691164592
Category : Business & Economics
Languages : en
Pages : 439
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Book Description
This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.
Author: Nathan J. Kelly
Publisher: Cambridge University Press
ISBN: 0521514584
Category : Business & Economics
Languages : en
Pages : 217
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Book Description
Using income surveys and various political-economic data, this book shows that income inequality is fundamental to the dynamics of US politics.
Author: Nanak Kakwani
Publisher: New York : Published for the World Bank [by] Oxford University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 436
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Book Description
Deals with income distribution methods and their economic applications.
Author: Juan Gabriel Rodríguez
Publisher: Emerald Group Publishing
ISBN: 1780520344
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
Eight papers, both theoretical and applied, on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort.
Author: R. M. Sundrum
Publisher: Psychology Press
ISBN: 0415079713
Category : Developing countries
Languages : en
Pages : 346
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Book Description
Bridges the gap between the statistical and the theoretical literature on income distribution in an attempt to make clearer what the underlying trends are and to make recommendations of the sort of policies which can provide growth with equity.
