Service Sector Growth And Income Inequalities
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Service Sector Growth And Income Inequalities A Longitudinal Analysis From An International Sample
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Author :
language : en
Publisher:
Release Date : 2003
Service Sector Growth And Income Inequalities A Longitudinal Analysis From An International Sample written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
The rise of the service sector has been offered as a possible reason for rising income inequalities in highly developed countries. Here, data from 1980, 1990 and 1995 are analyzed to investigate the effects of growth in the service sector on income inequalities for 77 nations around the world. Statistical models examine the effects that the state, through redistribution efforts, has on income inequality. Results of random effects models show that 1)service sector growth has a positive relationship with income inequality, 2) that level of development has a strong positive relationship with income inequality, and 3) that redistribution efforts have had little impact on income inequality over time. Some support is given to the idea that there is an interaction effect between service sector growth and relative placement within the overall world system. This raises the question of whether service sector growth affects the income inequality of a nation differently based on where they are ranked in the hierarchy of world development.
Service Sector Growth And Income Inequalities
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Author : Stephanie Carissa Rizk
language : en
Publisher:
Release Date : 2003
Service Sector Growth And Income Inequalities written by Stephanie Carissa Rizk and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Keywords: Income Inequality, International Development, World-Systems Theory.
Economic Growth And Income Inequality In China India And Singapore
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Author : Pundarik Mukhopadhaya
language : en
Publisher: Routledge
Release Date : 2017-07-05
Economic Growth And Income Inequality In China India And Singapore written by Pundarik Mukhopadhaya and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-05 with Business & Economics categories.
The world at large is watching both China and India as powerhouses of economic growth. The two nations have achieved significantly high rates of economic growth ever since their respective economies liberalized in 1978 and 1991. Singapore, despite its limited land size and almost total dependence on external trade, has performed remarkably well and has moved ?from the third world to the first?. This book documents and explains the rapid economic growth of the three key Asian economies.The book also looks at what has happened to income inequality in the context of superior growth performance. It makes comparative assessments and examines the implications for the three nations. Since free markets have nothing in them to produce a reduction in income inequality among persons/households, one must at best hope for equality of opportunity ? notably reflected in identical schooling for all; identical health care for all; and minimal rather than vulgar inequality in housing. This book is particularly useful for both China and India which may wish to study and learn from Singapore in regard to the policies, programmes and projects aimed at ensuring equality of opportunity. The book is backed by considerable expertise on the part of the researchers, with demonstrated expertise through their publications spawning a few decades. It is invaluable to those who are concerned with designing policies for developing countries aimed at rapid and inclusive economic growth.This book has been made possible by the intellectual and financial support extended by the Global Asia Institute, National University of Singapore.
Impact Of Economic Growth On Income Inequalities
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Author : Dastgir Alam
language : en
Publisher: GRIN Verlag
Release Date : 2011-09-09
Impact Of Economic Growth On Income Inequalities written by Dastgir Alam and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-09-09 with Political Science categories.
Research Paper (postgraduate) from the year 2011 in the subject Business economics - Economic Policy, Aligarh Muslim University (Department of Economics), language: English, abstract: Abstract Since the ages inequalities in income distribution have been both a fact and a major cause of concern for world community. India, being a part of this world also suffers from this problem. To solve it India started the process of planning in 1950 and since then planners are making their best efforts to reduce the prevalence of income inequalities. The present study revealed that in comparison to rural areas, the problem of income inequalities has always been higher in urban areas. In rural areas economic growth is proved very important in solving the problem of inequalities but only before the economic reforms. After the economic reforms, economic growth has failed to address the problem of inequality in income distribution. The study has further found that in urban areas, it is not the economic growth but the differential growth of the various sectors which is affecting the level inequalities in income distribution. Key Words: Inequalities, Income Distribution, Income Inequalities, Economic Growth, Economic Reforms, Differential Growth.
Income And Inequality
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Author : Cathy Kassab
language : en
Publisher: Praeger
Release Date : 1992-06-23
Income And Inequality written by Cathy Kassab and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-06-23 with Business & Economics categories.
The United States is becoming an information-based, service economy with fewer middle-income jobs than in an industrial economy. How does increasing service sector employment affect community income and thus social well-being? This well-documented study assesses the impact of changing levels of employment in the service and manufacturing sectors on the level and distribution of community income. The study includes both analyses of low-wage and high-wage service and manufacturing sectors and analyses of major segments of the service sector, including business services and retail trade. Measures of social well-being include changes in community aggregate income, aggregate wages and salaries, distribution of income within the community, and the community's position in the regional hierarchy. Particular attention is given to differences in impact on rural and urban communities. The book will be of interest to those concerned with rural economic development and issues related to inequality and economic and industrial change.
The Impacts Of Sector Growth And Monetary Policy On Income Inequality In Developing Countries
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Author : Sima Siami-Namini
language : en
Publisher:
Release Date : 2017
The Impacts Of Sector Growth And Monetary Policy On Income Inequality In Developing Countries written by Sima Siami-Namini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
Using a cross-country panel of 92 developing countries over the period 1990-2014, this paper examines the impacts of sector growth on income inequality. Most low-income people in developing countries are involved in agriculture and related industries, and directly utilize natural resources. The question is what policy instruments are efficient to reduce income inequality. The main objectives of monetary policy aim to maintain price stability, improve sector growth, and create employment. But, empirical evidence indicates that the impact of these policies to reduce income inequality have not been efficient, and monetary policy always dominates fiscal policy for rising or falling income inequality during a certain period, which in turn influences the inflation and real output in the countries. While inflation is a major variable to affect the purchasing power of low-income people, we examine the existence of linear and nonlinear linkages between inflation as a proxy of monetary policy and income inequality in line with testing validity of the Kuznets hypothesis to assess the monetary policy efficacy. The statistically significant finding shows that first agricultural growth and then industrial growth have a dominate impact in reducing income inequality in our sample. But, the service sector growth has positive effects. The results confirm the existence of Kuznets inverted 'U' hypothesis for industry growth and Kuznets 'U' hypothesis for service sector growth. Using an error correction model for analyzing the short- and long-run relationship between income inequalities, sector growth, and inflation, we find that sector growth and inflation affect income inequality in the long-run.
At Your Service
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Author : Gaurav Nayyar
language : en
Publisher: World Bank Publications
Release Date : 2021-10-18
At Your Service written by Gaurav Nayyar and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-18 with Business & Economics categories.
Manufacturing-led development has provided the traditional model for creating jobs and prosperity. But in the past three decades the conventional pattern of structural transformation has changed, with the services sector growing faster than the manufacturing sector. This raises critical questions about the ability of developing economies to close productivity gaps with advanced economies and to create good jobs for more people. At Your Service? The Promise of Services-Led Development (www.worldbank.org/services-led-development) assesses the scope of a services-driven development model and policy directions that can maximize the model’s potential.
Finance And Inequality
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Author : Mr.Martin Cihak
language : en
Publisher: International Monetary Fund
Release Date : 2020-01-17
Finance And Inequality written by Mr.Martin Cihak and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-17 with Business & Economics categories.
The study examines empirical relationships between income inequality and three features of finance: depth (financial sector size relative to the economy), inclusion (access to and use of financial services by individuals and firms), and stability (absence of financial distress). Using new data covering a wide range of countries, the analysis finds that the financial sector can play a role in reducing inequality, complementing redistributive fiscal policy. By expanding the provision of financial services to low-income households and small businesses, it can serve as a powerful lever in helping create a more inclusive society but—if not well managed—it can amplify inequalities.
Finance And Income Inequality
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Author : George R. G. Clarke
language : en
Publisher: World Bank Publications
Release Date : 2003
Finance And Income Inequality written by George R. G. Clarke and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Equality categories.
Although theoretical models make distinct predictions about the relationship between financial sector development and income inequality, little empirical research has been conducted to compare their relative explanatory power. Clarke, Xu, and Zou examine the relation between financial intermediary development and income inequality in a panel data set of 91 countries for the period 1960-95. Their results provide evidence that inequality decreases as economies develop their financial intermediaries, consistent with the theoretical models in Galor and Zeira (1993) and Banerjee and Newman (1993). Moreover, consistent with the insight of Kuznets, the relation between the Gini coefficient and financial intermediary development appears to depend on the sectoral structure of the economy: a larger modern sector is associated with a smaller drop in the Gini coefficient for the same level of financial intermediary development. But there is no evidence of an inverted-U-shaped relation between financial sector development and income inequality, as suggested by Greenwood and Jovanovic (1990). The results are robust to controlling for biases introduced by simultaneity. This paper--a product of Investment Climate, Development Research Group--is part of a larger effort in the group to understand the link between economic development and financial sector performance.
An Analysis Of Service Sector Growth Effects On Income Inequality
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Author : Cheryl L. Peskar-Johnson
language : en
Publisher:
Release Date : 2001
An Analysis Of Service Sector Growth Effects On Income Inequality written by Cheryl L. Peskar-Johnson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Appalachian Region categories.