Economic Growth and Inequality Term Paper by Top Papers
Economic Growth and Inequality
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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..."Cite this Term Paper:
APA Format
Economic Growth and Inequality (2007, December 01)
Retrieved January 29, 2023, from https://www.academon.com/term-paper/economic-growth-and-inequality-133084/
MLA Format
"Economic Growth and Inequality" 01 December 2007.
Web. 29 January. 2023. <https://www.academon.com/term-paper/economic-growth-and-inequality-133084/>