Code: 06623845
In this book, a model of long-term interrelationships§between income distribution, population growth and economic§development is developed and estimated from data for 54§countries. The results indicate that a reduction of income§i ... more
120.80 €
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In this book, a model of long-term interrelationships§between income distribution, population growth and economic§development is developed and estimated from data for 54§countries. The results indicate that a reduction of income§inequality leads to lower fertility and mortality, to§improvedbasic needs satisfaction, and to lower labour force§participation of young and old males and of females in Asia§and Africa. The effect of income distribution on saving and§consumption is found to be negligible. These outcomes§suggest that family planning and health policies in LDCs§will show better results when they are supplemented with§policies aimed at makingthe poor benefit from economic§growth. As regards development policy, the results indicate§that a reduction of income inequality does not impair the§formation of physical capital, but enhances the formation of§human capital and lowers the growth rate of the labour§force.
Book category Books in English Economics, finance, business & management Economics Economic theory & philosophy
120.80 €
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