Kuznets beyond Kuznets

Kuznets beyond Kuznets
Author: Saumik Paul
Publisher: Brookings Institution Press
Total Pages: 0
Release: 2018-12-18
Genre: Business & Economics
ISBN: 4899741006
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Simon Kuznets’ views about the inverted-U relationship between inequality and development and the process of structural transformation have long been under the lens of researchers. Over the last 20 years, immense potential for growth in Asia has been facilitated by structural transformation. However, it remains undecided whether the contribution of structural transformation will stay as a crucial factor in determining potential productivity growth and income distribution. This book brings together novel conceptual frameworks and empirical evidence from country case studies on topics related to structural transformation, globalization, and income inequality.

Structural Change and Income Differences

Structural Change and Income Differences
Author: Trevor Tombe
Publisher:
Total Pages: 224
Release: 2011
Genre:
ISBN: 9780494780534
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Economic growth and development is intimately related to the decline of agriculture's share of output and employment. This process of structural change has important implications for income and productivity differences between regions within a country or between countries themselves. Agriculture typically has low productivity relative to other sectors and this is particularly true in poor areas. So, as labour switches to nonagricultural activities or as agricultural productivity increases, poor agriculturally-intensive areas will benefit the most. In this thesis, I contribute to a recent and growing line of research and incorporate a separate role for agriculture, both into modeling frameworks and data analysis, to examine income and productivity differences.I first demonstrate that restrictions on trade in agricultural goods, which support inefficient domestic producers, inhibit structural change and lower productivity in poor countries. To do this, I incorporate multiple sectors, non-homothetic preferences, and labour mobility costs into an Eaton-Kortum trade model. With the model, I estimate productivity from trade data (avoiding problematic data for poor countries that typical estimates require) and perform a variety of counterfactual exercises. I find import barriers and labour mobility costs account for one-third of the aggregate labour productivity gap between rich and poor countries and for nearly half the gap in agriculture. Second, moving away from international income differences, I use a general equilibrium model of structural transformation to show a large labour migration cost between regions of the US magnifies the impact improved labour markets have on regional convergence. Finally, I estimate the influence of structural change on convergence between Canadian regions. I construct a unique dataset of census-division level wage and employment levels in both agriculture and nonagriculture between 1901 and 1981. I find convergence is primarily due to region-specific factors with structural change playing little role.

Growth and Structural Transformation

Growth and Structural Transformation
Author: Kwang Suk Kim
Publisher: BRILL
Total Pages: 224
Release: 2020-03-17
Genre: History
ISBN: 1684172195
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This study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of development to the colonial period. The authors explore in detail colonial development, changing national income patterns, relative price shifts, sources of aggregate growth, and sources of sectoral structural change, comparing them with other countries.

Wage Inequality and Structural Change

Wage Inequality and Structural Change
Author: Joanna Tyrowicz
Publisher:
Total Pages: 35
Release: 2017
Genre: Income distribution
ISBN:
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Income inequality in the context of large structural change has received a lot of attention in the literature, but most studies relied on household post-transfer inequality measures. This study utilizes a novel and fairly comprehensive collection of micro data sets from between 1980?s and 2010 for both advanced market economies and economies undergoing transition from central planning to market based system. We show that wage inequality was initially lower in transition economies and immediately upon the change of the economic system surpassed the levels observed in advanced economies. We find a very weak link between structural change and wages in both advanced and post-transition economies, despite the predictions from skill-biased technological change literature. The decomposition of changes in wage inequality into a part attributable to changes in characteristics (mainly education) and a part attributable to changes in rewards does not yield any leading factors.

The Developer's Dilemma

The Developer's Dilemma
Author: Armida Salsiah Alisjahbana
Publisher: Oxford University Press
Total Pages: 327
Release: 2023-02-09
Genre: Business & Economics
ISBN: 0192667564
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This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Developing countries seek economic development which is broad-based or inclusive in the sense that it raises the income of all, especially the poor. Yet this is at odds with Simon Kuznets' hypothesis that economic development tends to put upward pressure on income inequality, at least initially and in the absence of countervailing policies. The Developer's Dilemma explores this 'Kuznetsian tension' between structural transformation and income inequality. The book asks: what are the varieties of structural transformation that have been experienced in developing countries? What inequality dynamics are associated with each variety of structural transformation? And what policies have been utilized to manage trade-offs between structural transformation, income inequality, and inclusive growth? Across nine country cases written by academics across the Global South, this book answers these questions using a comparative case study approach with a common analytical framework and a set of common datasets. The intended intellectual contribution of the book is to provide a comparative analysis of the relationship between structural transformation, income inequality, and inclusive growth; to do so empirically at a regional and national level, and to draw conclusions about the varieties of structural transformation, their inequality dynamics, and the policies that have been employed to mediate the developer's dilemma.

Growth, Structural Change and Regional Inequality in Malaysia

Growth, Structural Change and Regional Inequality in Malaysia
Author: Asan Ali Golam Hassan
Publisher: Routledge
Total Pages: 259
Release: 2017-11-30
Genre: Business & Economics
ISBN: 1351156918
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Economic development in the long run is seen as a process of structural change that is affected by economic growth. Malaysia is one of the middle-income economies that are going through rapid structural change. Since the mid 1980s it has changed to an industrially based economy with large-scale export of electrical and electronic components. However, thirty years after Malaysia's re-distributive policies have been exercised, regional inequality still exists. This book examines the nature and impact of regional policies in relation to the patterns of demographic and economic structural change and in relation to growth, distribution and income disparities across regions in Peninsular Malaysia. The book also explores the degree to which differences in regional manufacturing distribution and concentration have contributed to regional inequality. It concludes with a number of recommendations for regional policies that will reduce this inequality.

Structural Change and Income Inequality - Agricultural Development and Inter-Sectoral Dualism in the Developing World, 1960-2010

Structural Change and Income Inequality - Agricultural Development and Inter-Sectoral Dualism in the Developing World, 1960-2010
Author: Martin Andersson
Publisher:
Total Pages: 24
Release: 2016
Genre:
ISBN:
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Structural change consists of the long-term changes in the sectoral composition of output and employment. We introduce a structural change perspective to the study of income inequality in 27 countries of the developing world for the period 1960-2010. The service sector has become the main employer, but the agricultural sector is central to the income distribution because poverty is mostly rural, and the labor surplus is high. We decompose the sectoral composition of aggregate labor productivity at the country level, divide the countries into agrarian, dual (beginner, intermediate and advanced), and mature economies and use the inter-sectoral productivity gap to test the effect of structural change on income inequality. We confirm increases in agricultural productivity everywhere and find that the inter-sectoral gap is positively associated with income inequality. The effect is negligible in agrarian and advanced economies but powerful in dual beginner economies: an increase of 1% in the inter-sectoral gap increases income inequality by 0.5%. The effect peters out in dual intermediate economies and disappears completely in dual advanced economies. Finally, redistribution has been the key to compensating the losers in the income changes, particularly for those entering the non-agricultural economy.

Communities in Action

Communities in Action
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
Total Pages: 583
Release: 2017-04-27
Genre: Medical
ISBN: 0309452961
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In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.