The Welfare Implications of Growth Regressions

Donal O.Neill ()
Additional contact information
Donal O.Neill: Economics Dept., NUI Maynooth, Co. Kildare, Ireland
Authors registered in the RePEc Author Service: Donal O'Neill

Economics Department Working Paper Series from Department of Economics, National University of Ireland - Maynooth

Abstract: Regressions relating the growth rate in income to initial income have been the source of much recent debate in growth economics. Recent research has emphasised the importance of allowing for non- linearities in these models when explaining the evolution of income over time. In this paper we argue these extended growth regressions are also useful in facilitating welfare comparisons across income dis- tributions, in a way that is not possible using alternative measures of convergence. To do this we exploit the similaritites between the in- come convergence literature and work on tax progressivity in the pub- lic .nance literature. We illustrate our approach using both regional data across the United States, Japan and Europe and countrywide comparisons.

Keywords: Growth Regressions; Welfare; Equality of Opportunity; Progressivity (search for similar items in EconPapers)
JEL-codes: O47 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2005-05
New Economics Papers: this item is included in nep-dev
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://repec.maynoothuniversity.ie/mayecw-files/N1570505.pdf (application/pdf)

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:may:mayecw:n1570505

Access Statistics for this paper

More papers in Economics Department Working Paper Series from Department of Economics, National University of Ireland - Maynooth Contact information at EDIRC.
Bibliographic data for series maintained by ( this e-mail address is bad, please contact ).