Income Distribution and Growth Models: A Sectoral Balances Approach

Income Distribution and Economic Growth in a Multi-Sectoral Kaleckian Model

This study builds an income distribution and growth model within a simple multi-sectoral Kaleckian framework. The model has heterogeneous features in each sector in that the responses of saving and investment to changes in macroeconomic performance differ sectorally, and there are also different sectoral shares of saving and investment. We consider the determinants that establish the economic g...

Interaction Of Income Distribution, Taxes And Economic Growth

Growth, income distribution, and poverty: A review

This paper reviews recent research dealing with the relationships between economic growth, income distribution, and poverty. This generally fails to find any systematic pattern of change in income distribution during recent decades. Neither does it find any systematic link from fast growth to increasing inequality. The level of initial income inequality is not a robust explanatory factor of gro...

Corruption, Income Distribution, and Growth

This paper uses an encompassing framework developed by Murphy et al. (1991, 1993) to study corruption and how it affects income distribution and growth. We find that (1) corruption affects income distribution in an inverted U-shaped way, (2) corruption alone also explains a large proportion of the Gini differential across developing and industrial countries, and (3) that even after correcting f...

Sectoral balances, savings and investment in Solomon Islands

From the principles of national income accounting, which require ultimately a balanced set of double-entry accounts, a deficit in any one of the public, private and overseas sectors must be offset by a net surplus in the other two. If private savings are insufficient to finance the government deficit and private investment—that is the nation as a whole spends more than it earns—it becomes indeb...