Economic Growth and Equality of Opportunity

• Tác giả: Vito Peragine
• Ngôn ngữ: eng
• Ký hiệu phân loại: 338.9 Economic development and growth
• Thông tin xuất bản: Oxford University Press on behalf of the World Bank, 2015
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 326626
• Chủ đề: 1. cumulative distribution; 2. developing countries; 3. development economics; 4. distributional effect; 5. distributional impact

Tóm tắt

In this paper, we argue that a better understanding of the relationship between inequality and economic growth can be obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, we introduce a formal framework based on the concept of the Opportunity Growth Incidence Curve. This framework can be used to evaluate the income dynamics of specific groups of the population and to infer the role of growth in the evolution of inequality of opportunity over time. We show the relevance of the introduced framework by providing two empirical analyses, one for Italy and the other for Brazil. These analyses show the distributional impact of the recent growth experienced by Brazil and the recent crisis suffered by Italy from both the income inequality and opportunity inequality perspectives.