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Economic Growth and Income Distribution

In: Hyper-growth in Asian Economies

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  • Edward K. Y. Chen

    (University of Hong Kong)

Abstract

The recent surge of interest of economists in the distribution of income in the developing countries during their process of growth has produced considerable work on the subject.1 For instance, there are many concepts of income distribution: functional distribution by factor services, regional and geographical distribution, and size distribution by person or household. It is size distribution in which most development economists are interested and that is also the concept studied here. Of the various concepts of distribution, size distribution is perhaps the most satisfactory indicator of how increases in welfare are distributed among the people. The relationship between changes in income distribution by size and economic growth is of special interest to development economists as after a decade or more of rapid growth in some developing countries, they begin to worry not so much about the rate of increase in output but more about to whom these increases in output go.2 It is clear that economic growth can do more harm than good if the benefits of growth are confined to a small group of people. Since the 1960s, some economists have become dissatisfied with using the criterion of growth of national income as the only indicator of economic development.3 More equal income distribution in the process of development has been increasingly regarded as highly desirable even if this means a reduction in the rate of output growth.

Suggested Citation

  • Edward K. Y. Chen, 1979. "Economic Growth and Income Distribution," Palgrave Macmillan Books, in: Hyper-growth in Asian Economies, chapter 8, pages 152-176, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04251-7_8
    DOI: 10.1007/978-1-349-04251-7_8
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    Citations

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    Cited by:

    1. Paul, Saumik, 2016. "Heterogeneous Structural Transformation and Growth Incidence across the Income Distribution: the Kuznets Curve Revisited," CEI Working Paper Series 2016-1, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    2. Jintanee Jintranun & Peter Calkins & Songsak Sriboonchitta, 2013. "Sufficiency Economy Matrix multiplier analysis and optimization: The case of Mukdahan, Thailand," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 2(2), pages 1-26., June.
    3. Stephan Haggard, 1989. "The East Asian NICs in Comparative Perspective," The ANNALS of the American Academy of Political and Social Science, , vol. 505(1), pages 129-141, September.
    4. Gilles Saint-Paul, 2001. "On the Distribution of Income and Worker Assignment under Intrafirm Spillovers, with an Application to Ideas and Networks," Journal of Political Economy, University of Chicago Press, vol. 109(1), pages 1-37, February.
    5. Fagerberg, Jan, 1987. "A technology gap approach to why growth rates differ," Research Policy, Elsevier, vol. 16(2-4), pages 87-99, August.
    6. Mungroo, Albert & Ooft, Gavin & Tjon Kie Sim-Balker, Peggy, 2014. "Government Expenditure in Suriname: A Stimulus or Impediment to Growth," EconStor Preprints 215531, ZBW - Leibniz Information Centre for Economics.
    7. Joël Hellier & Stéphane Lambrecht, 2013. "Inequality, Growth and Welfare: The Main Links," Palgrave Macmillan Books, in: Joël Hellier & Nathalie Chusseau (ed.), Growing Income Inequalities, chapter 9, pages 274-311, Palgrave Macmillan.
    8. Moh’d, Shamis Said & Ozgur, Ceyhun & Mohd, Mohd Yaziz & Khalfan, Mohamed Hafidh, 2021. "The Combined Effects of Managerial and Operational Performance of Various Fundamental Components on Stock Selection," OSF Preprints mqh46, Center for Open Science.
    9. Alex Izurieta & Pierre Kohler & Juan Pizarro, 2018. "Financialization, Trade, and Investment Agreements: Through the Looking Glass or Through the Realities of Income Distribution and Government Policy?," GDAE Working Papers 18-02, GDAE, Tufts University.
    10. Chris Belfield & Richard Blundell & Jonathan Cribb & Andrew Hood & Robert Joyce, 2017. "Two Decades of Income Inequality in Britain: The Role of Wages, Household Earnings and Redistribution," Economica, London School of Economics and Political Science, vol. 84(334), pages 157-179, April.
    11. Nicolescu Andreea Florentina & Drăgan Gabriela, 2020. "Integrating the non-EU immigrants into the EU labour market. An econometric analysis of some of the specific factors," Management & Marketing, Sciendo, vol. 15(3), pages 364-380, September.
    12. Jeffrey Thompson, 2012. "Raising Revenue from High-Income Households: Should States Continue to Place the Lowest Tax Rates on Those with the Highest Incomes?," Published Studies revenue_peri_march5, Political Economy Research Institute, University of Massachusetts at Amherst.
    13. Vu, Khuong M & Asongu, Simplice, 2020. "Backwardness advantage and economic growth in the information age: A cross-country empirical study," Technological Forecasting and Social Change, Elsevier, vol. 159(C).
    14. Meer, Cornelis L.J. Van Der, 1982. "Growth and Equity - Experience in Developed Countries with a Market Economic System," 1982 Conference, August 24-September 2, 1982, Jakarta, Indonesia 182440, International Association of Agricultural Economists.
    15. Nazim Kadri Ekinci, 2018. "Credit, Capital Flows and Monetary Policy: A Post-Keynesian Analysis," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 4(2), pages 55-74, December.
    16. von Braun, Joachim, 1983. "Equity Implications of Food Policies for the Rural Population in Eqypt," 1983 Occasional Paper Series No. 3 197295, International Association of Agricultural Economists.
    17. Jan Fagerberg, 2013. "Innovation - a New Guide," Working Papers on Innovation Studies 20131119, Centre for Technology, Innovation and Culture, University of Oslo.
    18. Massimo TAMBERI, 2010. "Be Careful! A Short Note on a Possible Bias in (Trade) Structural Change Analysys," Working Papers 341, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    19. Armida Alisjahbana & Kyunghoon Kim & Kunal Sen & Andy Sumner & Arief Anshory Yusuf, 2020. "The developer's dilemma: A survey of structural transformation and inequality dynamics," WIDER Working Paper Series wp-2020-35, World Institute for Development Economic Research (UNU-WIDER).
    20. Frances Stewart, 2014. "Against Happiness: A Critical Appraisal of the Use of Measures of Happiness for Evaluating Progress in Development," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 15(4), pages 293-307, November.

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