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Author: Monica Das
Publisher: World Scientific
ISBN: 9814415936
Category : Business & Economics
Languages : en
Pages : 168
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Book Description
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. Contents:Introduction: BRIC and the World EconomyPolitical and Economic History of BRIC:BrazilRussiaIndiaChinaEconomic Growth, Income Inequality, and Poverty:Growth Models and Growth–Inequality RelationshipInequality MeasuresUniform Income TransfersGrowth and DistributionDescriptive Statistics and Basic Regression Estimates for BRIC:IndiaChinaBrazilRussiaGrowth and Inequality in BRIC: Econometric Estimation:Estimation Method and Framework: The Varying Coefficient ModelFramework, Data, and ResultsCase of IndiaCase of ChinaCase of BrazilCase of RussiaRegression with Low versus High Inequality SubgroupsRegression with Low Growth versus High Growth SubgroupsRegression Results with Low Corruption versus High Corruption SubgroupsRegression Results with Role of Government Spending Keywords:Economic Growth;Economic Inequality;Random Coefficient Estimation;Income Disparity;Brazil;Russia;India;China;Econometrics
Author: Monica Das
Publisher: World Scientific
ISBN: 9814415936
Category : Business & Economics
Languages : en
Pages : 168
Get Book
Book Description
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. Contents:Introduction: BRIC and the World EconomyPolitical and Economic History of BRIC:BrazilRussiaIndiaChinaEconomic Growth, Income Inequality, and Poverty:Growth Models and Growth–Inequality RelationshipInequality MeasuresUniform Income TransfersGrowth and DistributionDescriptive Statistics and Basic Regression Estimates for BRIC:IndiaChinaBrazilRussiaGrowth and Inequality in BRIC: Econometric Estimation:Estimation Method and Framework: The Varying Coefficient ModelFramework, Data, and ResultsCase of IndiaCase of ChinaCase of BrazilCase of RussiaRegression with Low versus High Inequality SubgroupsRegression with Low Growth versus High Growth SubgroupsRegression Results with Low Corruption versus High Corruption SubgroupsRegression Results with Role of Government Spending Keywords:Economic Growth;Economic Inequality;Random Coefficient Estimation;Income Disparity;Brazil;Russia;India;China;Econometrics
Author: Amanda Palmer
Publisher:
ISBN: 9781975759087
Category :
Languages : en
Pages : 156
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Book Description
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 background is entirely different. We have traced 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 is observed even during the high growth decades. In order to understand the interaction between economic growth, income inequality and poverty, we have developed a theoretical framework that incorporates a mechanism of uniform income transfers in a growth model, where economic growth is the result of accumulation.
Author: Luciano Lones
Publisher:
ISBN: 9781974387847
Category :
Languages : en
Pages : 156
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Book Description
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 background is entirely different. We have traced 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 is observed even during the high growth decades. In order to understand the interaction between economic growth, income inequality and poverty, we have developed 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.
Author: Maria Clara Couto Soares
Publisher: Taylor & Francis
ISBN: 1317560175
Category : Business & Economics
Languages : en
Pages : 238
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Book Description
This series of books brings together results of an extensive research programme on aspects of the national systems of innovation (NSI) in the five BRICS countries — Brazil, Russia, India, China, and South Africa. It provides a comprehensive and comparative examination of the challenges and opportunities faced by these dynamic and emerging economies. In discussing the impact of innovation with respect to economic, geopolitical, socio-cultural, institutional, and technological systems, it reveals the possibilities of new development paradigms for equitable and sustainable growth. This volume analyses the co-evolution of inequality and NSI across the BRICS economies. It reveals the multi-dimensional character of inequality, in going beyond its income aspect to include assets, access to basic services, infrastructure, knowledge, race, gender, ethnicity and geographic location. In advancing valuable policy recommendations, the book argues that inequalities must be factored in development strategies given that benefits of innovation are not automatically distributed equally. Original and detailed data, together with expert analyses on wide-ranging issues, make this book an invaluable resource for researchers and scholars in economics, development studies and political science, in addition to policy-makers and development practitioners interested in the BRICS countries.
Author: Li Peilin
Publisher: World Scientific
ISBN: 9814397520
Category : Social Science
Languages : en
Pages : 856
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Book Description
Along with the fast growing economy, the term “BRICs” was coined to represent the newly emerging countries — Brazil, Russia, India and China. The enhanced economy in these countries has largely improved people's life; at the same time, it has also strongly influenced the transformation of social structure, norms and values. However, as the world's attention centers on their economic development at the micro level, the social changes at the micro level have often been neglected, and a specific comparative study of these four countries is even more rare.This handbook's contributing authors are leading sociologists in the four countries. They fill the gap in existing literature and examine specifically the changes in each society from the perspective of social stratification, with topics covering the main social classes, the inequality of education and income, and the different styles of consumption as well as the class consciousness and values. Under every topic, it gathers articles from authors of each country. Such a comparative study could not only help us achieve a better understanding of the economic growth and social development in these countries, but also lead us to unveil the mystery of how these emerging powers with dramatic differences in history, geography, culture, language, religion and politics could share a common will and take joint action. In general, the handbook takes a unique perspective to show readers that it is the profound social structural changes in these countries that determine their future, and to a large extent, will shape the socio-economic landscape of the future world.
Author: Hartmut Elsenhans
Publisher: Stanford University Press
ISBN: 1503604918
Category : Business & Economics
Languages : en
Pages : 84
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Book Description
Once among the fastest developing economies, growth has slowed or stalled in Brazil, Russia, India, China, and South Africa. What policies can governments enact to jump-start the rise of these middle-income countries? Hartmut Elsenhans and Salvatore Babones argue that economic catch-up requires investment in the productivity of ordinary citizens. Diverging from the popular narrative of increased liberalization, this book argues specifically for direct government investment in human infrastructure; policies that increase wages and the bargaining power of labor; and the strategic use of exchange rates to encourage export-led growth. These measures raise up the majority and finance future productivity by driving broader consumption and fostering investment within national borders. Though strategies like full employment, mass education, and progressive taxation are not especially controversial, none of the BRICS have truly embraced them. Examining barriers to implementation, Elsenhans and Babones find that the main obstacle to such reforms is an absence of political will, stemming from closely guarded elite privilege under the current laws. BRICS or Bust? is a short, incisive read that underscores the need for demand-driven growth and why it has yet to be achieved.
Author: Courtney Ivins
Publisher: Oxfam
ISBN:
Category :
Languages : en
Pages : 12
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Book Description
Author: P. B. Anand
Publisher: Oxford University Press, USA
ISBN: 0198827539
Category : Business & Economics
Languages : en
Pages : 1180
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Book Description
This handbook presents a comprehensive and multi-faceted analysis of the BRICS countries and other emerging economies, exploring their economic, social, environmental, and governance dimensions and challenges.
Author: Yao Ouyang
Publisher: Springer Nature
ISBN: 9813297441
Category : Business & Economics
Languages : en
Pages : 280
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Book Description
This book offers a quantitative and qualitative look at the much-discussed BRICS—Brazil, Russia, India, China and South Africa—and explores how their economic ascent might cause global economic realignments in the 21st century. Providing a Chinese perspective on how the global realignment might impact strategic choices and a data-driven approach to the similarities and differences within the so-called BRICS group, this book will be of great interest to economists, international banking professionals, and political forecasters.
Author:
Publisher: World Scientific
ISBN: 9811202222
Category : Political Science
Languages : en
Pages : 986
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Book Description
Over the past 20 years, social scientists, government officials, and investors have expressed mounting interest in the BRICS countries, which include Brazil, Russia, India, China and South Africa. These countries are widely viewed as both key actors in the global economy and important regional powers. The Political Economy of the BRICS Countries is a three-volume set that aims to address various crucial issues regarding these countries.Volume 1 analyzes whether economic growth in the BRICS countries has been broad-based and promoted equitable economic and social outcomes. The authors examine specific dimensions of growth in these five economies that constrain their ability to act effectively and cohesively in international affairs.Volume 2 considers how the BRICS have affected global economic governance and the international political economy.Volume 3 provides various approaches to economic informality in the BRICS. Moreover, the chapters deal with several connections between informality and important political, economic, and institutional phenomena such as economic globalization and international aid, economic development, political regimes, social capital, political networks and political participation, labor market rules, and social policy preferences.The BRICS countries have attracted rising attention over the past two decades. The volumes provide an in-depth analysis of various key issues regarding these countries and chart a course for future research.
