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History dependent growth incidence: a characterization and an application to the economic crisis in Italy

Flaviana Palmisano and Dirk Van de gaer

No 45, SERIES from Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro"

Abstract: This paper provides a normative framework for the assessment of the distributional incidence of growth. By removing the anonymity axiom, such framework is able to evaluate the individual income changes over time and the reshuffling of individuals along the income distribution that are determined by the pattern of income growth. We adopt a rank dependent social welfare function expressed in terms of initial rank and individual income change and we obtain complete and partial dominance conditions over di¤erent growth paths. These dominance conditions account for the different components determining the overall impact of growth, that is the size of growth and its vertical and horizontal incidence.

Keywords: Individual income growth; pro-poor growth; economic crisis. (search for similar items in EconPapers)
JEL-codes: D31 D63 I32 (search for similar items in EconPapers)
Date: 2013-03, Revised 2013-03
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Related works:
Journal Article: History-dependent growth incidence: a characterization and an application to the economic crisis in Italy (2016) Downloads
Working Paper: History-dependent growth incidence: a characterization and an application to the economic crisis in Italy (2016)
Working Paper: History dependent growth incidence: A characterisation and an application to the economic crisis in Italy (2013) Downloads
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