Income Concentration, Financial Liberalization, and Decoupling Between the United States and China

Carlos de Medeiros

Journal of Economic Issues, 2012, vol. 46, issue 2, 439-448

Abstract: This inquiry explores connections between income distribution and economic growth in the United States and China, arguing that in the United States income concentration coupled with financial deregulation became a structural factor contributing to the 2007 financial crisis and to the low growth registered afterwards. In China, despite the recent income concentration, economic growth was supported by public investment decoupling Chinese economic performance from the low rates of economic growth exhibited by the United States. A comparative approach to selected Keynesian transmission mechanisms and their effects on income concentration, domestic demand, and economic growth are considered for the United States and China.

Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.2753/JEI0021-3624460219 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:46:y:2012:i:2:p:439-448

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MJEI20

DOI: 10.2753/JEI0021-3624460219

Access Statistics for this article

More articles in Journal of Economic Issues from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().