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Growth and Distribution

In: Economic Growth with Income and Wealth Distribution

Author

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  • Wei-Bin Zhang

Abstract

Living conditions, income and wealth vary among people, cities, regions, and countries. It is important to study how persistent disparities in aggregate growth rates across nations, regions, or groups of people have led to differences in welfare and happiness. Does more equal distribution of income and wealth encourage national economic growth? What role does the public education or other public expenditures play in the relationship between inequality and growth? Does a higher personal saving rate of one type of household benefit or harm economically other households in the economy? Will income/wealth inequality among the individuals or regions be reduced as an economy expands? Does everyone benefit from economic globalization? Is globalization sustainable? Will globalization and technological progress enlarge or reduce inequalities among nations, regions, or individuals? One may ask many similar questions related to growth and income and wealth distribution.

Suggested Citation

  • Wei-Bin Zhang, 2006. "Growth and Distribution," Palgrave Macmillan Books, in: Economic Growth with Income and Wealth Distribution, chapter 1, pages 1-36, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50633-6_1
    DOI: 10.1057/9780230506336_1
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    Citations

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    Cited by:

    1. Ajayi, Victor & Anaya, Karim & Pollitt, Michael, 2022. "Incentive regulation, productivity growth and environmental effects: the case of electricity networks in Great Britain," Energy Economics, Elsevier, vol. 115(C).
    2. Wei-Bin Zhang, 2009. "Agglomeration and Returns to Scale with Capital and Public Goods in a Multi-Regional Economy," International Economic Journal, Taylor & Francis Journals, vol. 23(1), pages 81-109.
    3. Zhang, Wei-Bin, 2019. "Money and price dynamics under the gold standard in the neoclassical theory of growth," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 90, pages 45-60, January.
    4. Wei‐Bin Zhang, 2008. "Growth and residential distribution with economic structure and amenity: A synthesis of Solow‐Uzawa's growth, Alonso's urban, and Muth's housing models," Papers in Regional Science, Wiley Blackwell, vol. 87(2), pages 277-303, June.
    5. Wei-Bin Zhang, 2017. "How Do the Richest 1% Owns 50% of Wealth in a Small-Open Growth Model with Endogenous Wealth and Human Capital," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 15, pages 58-79, January.

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