Economic Growth and Inequality Term Paper by Top Papers

Economic Growth and Inequality
A look at whether inequality is a necessary condition for economic growth.
# 133084 | 2,500 words | 5 sources | MLA | 2007 | US
Published on Dec 01, 2007 in Economics (General)


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Description:

The paper discusses how economists have "long sought to understand the links between economic growth and income distribution" on macro and micro economic scales (Deininger & Squire, 1996). The paper explains that the common view amongst economists, according to Queen's University's Department of Economics Head Huw Lloyd-Ellis (2003), is that a trade-off always exists between equity and efficiency - that is, greater equality of income can only be achieved when lower productivity is in place (p. 65). The paper points out, however, that such views of the equality-growth relationship are somewhat traditional.

From the Paper:

"Economists have "long sought to understand the links between economic growth and income distribution" on macro and micro economic scales (Deininger & Squire, 1996). The common view amongst economists, according to Queen's University's Department of Economics Head Huw Lloyd-Ellis (2003), is that a trade-off always exists between equity and efficiency - that is, greater equality of income can only be achieved when lower productivity is in place (p. 65). Such views of the equality-growth relationship, however, are somewhat traditional. Growing evidence seems to..."

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APA Format

Economic Growth and Inequality (2007, December 01) Retrieved September 29, 2022, from https://www.academon.com/term-paper/economic-growth-and-inequality-133084/

MLA Format

"Economic Growth and Inequality" 01 December 2007. Web. 29 September. 2022. <https://www.academon.com/term-paper/economic-growth-and-inequality-133084/>

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