One Third of the World's Growth and Inequality

42 Pages Posted: 14 May 2002

See all articles by Danny Quah

Danny Quah

National University of Singapore (NUS), Lee Kuan Yew School of Public Policy, Students

Date Written: April 2002

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 no 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.

Keywords: China, distribution dynamics, Gini coefficient, headcount index, India, poverty, world individual income distribution

JEL Classification: D30, O10, O57

Suggested Citation

Quah, Danny, One Third of the World's Growth and Inequality (April 2002). Available at SSRN: https://ssrn.com/abstract=312020

Danny Quah (Contact Author)

National University of Singapore (NUS), Lee Kuan Yew School of Public Policy, Students ( email )

Singapore
Singapore

HOME PAGE: http://lkyspp.nus.edu.sg/faculty/quah-danny/

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