Do growth-promoting factors induce income inequality in a transitioning large developing economy? An empirical evidence from Indian states

One of the more recent and interesting contributions in the field of development has been the theory of dependence. This theory seeks to explain the most pressing problems of the less-developed world in terms of the relations between the developing and developed areas. Stagnation, unemployment, income inequality, and regional disequilibria are all seen as directly related to a less-developed country's position vis-à-vis the developed and capitalist world. Unfortunately, the theory of dependence has become something of a cause célèbre. It is either eagerly accepted or scornfully rejected as a matter of faith—primarily because of its political implications and overtones. Those who accept it embrace it willfully and rally to defend it against any possible detractors. Those who reject it generally choose to ignore it as either not serious or unworthy of careful attention and consideration.

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Major determinants of agricultural smallholder loan repayment in a developing economy: Empirical evidence from Ondo State, Nigeria

Agricultural Administration ◽

10.1016/0309-586x(86)90040-3 ◽

1986 ◽

Vol 21 (4) ◽

pp. 223-234 ◽

Cited By ~ 6

Author(s):

Aja Okorie

Keyword(s):

Empirical Evidence ◽

Developing Economy ◽

Loan Repayment ◽

Ondo State

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Fair and Inclusive Markets

IMF Working Papers ◽

10.5089/9781513568669.001 ◽

2021 ◽

Vol 21 (29) ◽

Author(s):

Philippe Aghion ◽

Reda Cherif ◽

Fuad Hasanov

Keyword(s):

Income Inequality ◽

Empirical Evidence ◽

Poverty Alleviation ◽

Policy Options ◽

Growth Opportunities ◽

Market Structures ◽

Sustained Growth ◽

Market Income ◽

High Level ◽

Export Industries

We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth, which is key for poverty alleviation. We argue that the economies that achieved high sustained growth and low market income inequality are characterized by dynamism—a drive toward sophisticated export industries, innovation, and creative destruction and a high level of competition. What a country produces and how much it competes domestically and internationally are important for achieving fair and inclusive markets. We explore policy options to steer industrial and market structures toward providing growth opportunities for both workers and firms.

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Wage Inequality on the Rise: The Role of Workers' Characteristics

Journal of Income Distribution ◽

10.25071/1874-6322.40320 ◽

2016 ◽

pp. 99-123

Author(s):

Guillermo Alves ◽

Matías Brum ◽

Mijail Yapor

Keyword(s):

Human Capital ◽

Public Sector ◽

Income Inequality ◽

Wage Inequality ◽

Increasing Returns ◽

Developing Economy ◽

Public Sector Employment ◽

The World

In recent decades, wage inequality has been an important factor behind the rise in income inequality around the world. The leading explanation for increased wage inequality has been the increasing returns to human capital, usually attributed to changing technology and globalization. This article studies the rise in wage inequality in Uruguay, a small open developing economy. In contrast with popular explanations, our results highlight a strong and gradual inequalizing effect of changes in workers’ characteristics, such as increased schooling and age, decline of public sector employment and contraction of employment in manufacturing together with increased employment in services.

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