One Third of the World's Growth and Inequality

Danny Quah

No DP2002-38, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper studies growth and inequality in China and India—two economies that account for a third of the world's population. By modelling growth and inequality as components in a joint stochastic process, the paper calibrates the impact each has on different welfare indicators and on the personal income distribution across the joint population of the two countries. For personal income inequalities in a China-India universe, the forces assuming first-order importance are macroeconomic: growing average incomes dominate all else.

Keywords: Economic development; Income distribution; Index numbers (Economics); Poverty (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (17)

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