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Growth versus distribution: revisiting the trade-off

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  • Kunal Sen

Abstract

In this article, we revisit the growth distribution trade-off, drawing from the recent theory and empirics of growth. We differentiate between episodes of growth acceleration and episodes of growth maintenance. We show that while there may be a trade-off between growth and distribution during a growth acceleration, there is no trade-off in growth maintenance. During a growth maintenance episode, policies and institutional reforms that improve income distribution may actually be growth-enhancing.

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  • Kunal Sen, 2015. "Growth versus distribution: revisiting the trade-off," Journal of Development Effectiveness, Taylor & Francis Journals, vol. 7(4), pages 471-483, December.
    • Handle: RePEc:taf:jdevef:v:7:y:2015:i:4:p:471-483
    DOI: 10.1080/19439342.2015.1098721
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    1. Berg, Andrew & Ostry, Jonathan D. & Zettelmeyer, Jeromin, 2012. "What makes growth sustained?," Journal of Development Economics, Elsevier, vol. 98(2), pages 149-166.
    2. Kar, Sabyasachi & Pritchett, Lant & Raihan, Selim & Sen, Kunal, 2013. "Looking for a break: Identifying transitions in growth regimes," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 151-166.
    3. Kerekes, Monika, 2012. "Growth miracles and failures in a Markov switching classification model of growth," Journal of Development Economics, Elsevier, vol. 98(2), pages 167-177.
    4. Jushan Bai & Pierre Perron, 1998. "Estimating and Testing Linear Models with Multiple Structural Changes," Econometrica, Econometric Society, vol. 66(1), pages 47-78, January.
    5. Benjamin F. Jones & Benjamin A. Olken, 2008. "The Anatomy of Start-Stop Growth," The Review of Economics and Statistics, MIT Press, vol. 90(3), pages 582-587, August.
    6. Sen, Kunal, 2013. "The Political Dynamics of Economic Growth," World Development, Elsevier, vol. 47(C), pages 71-86.
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