scholarly journals Economic Growth, Income Distribution and Building a Modern Economic System

2020 ◽  
Vol 218 ◽  
pp. 02008
Author(s):  
Tingjun Zha
Keyword(s):  
Economic Growth ◽  
Income Distribution ◽  
Economic System ◽  
Coordination Mechanism ◽  
Policy Recommendations ◽  
Urban Rural ◽  
Modern Economic ◽  
Distribution Structure ◽  
The Difference ◽  
Internal Relationship

This paper first sorts out the existing research results between economic growth and income distribution; further, through macro data from the export-oriented mechanism of labor-intensive products, the capital owner’s interest-biased distribution mechanism, urban-rural dual structure and department Interrevenue distribution and other aspects explore the difference in income distribution between factors and its relationship with economic growth. Secondly, this paper analyzes the internal relationship between the income distribution structure and the construction of modern economic system from efficiency mechanism, fair mechanism and coordination mechanism. Finally, combined with the actual situation of China’s economic growth, give the policy recommendations of optimizing the income distribution structure are proposed to promote the construction of modern economic system.

scholarly journals Economic Growth and Income Inequality in Developing Countries

2015 ◽  
Vol 9 (6) ◽  
pp. 79-82 ◽  
Author(s):  
Morteza Nemati ◽  
Ghasem Raisi
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Income Inequality ◽  
Income Distribution ◽  
Economic System ◽  
Development Strategy ◽  
Low Income ◽  
Poverty Eradication ◽  
The Relationship ◽  
Selection Of

Nowadays, improvement in income distribution and poverty eradication and hence low inequality are served as the main objectives of economic and social development strategy even prior than primary tasks of governments. to manifest importance of income distribution, some economists adopt income inequality and income distribution in society as criteria for economic system of the community, although these criteria and measures are theoretical for the economic system and this varies from the perspective of different people, however, it denotes on  importance of income distribution among individuals. The main objective of this study was to evaluate the effect of economic growth on income inequality in the selection of low-income developing countries.To this end, using panel data and data for 28 developing countries over the period 1990-2010 the relationship between GDP and the Gini coefficient was examined. The results indicate that as per hypothesis Kuznets in the early stages of growth, income inequality increases and then it declines in later stage.

Drawing the Technologies of Improving the Methods of Crisis Management Based on a Complex Approach

2019 ◽  
pp. 222-240
Author(s):  
Nelu Mocanu
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Crisis Management ◽  
Economic Model ◽  
Organizational Analysis ◽  
Complex Approach ◽  
The Social ◽  
Economic Politics ◽  
Modern Economic ◽  
The Stability

The purpose of any modern economic politics is to ensure the stability and economic growth. In order to achieve this goal, each economic agent models (builds) an individual economic strategy. The building of the actual economic model is influenced by many factors – political, geographical, national, and cultural. Today, by the notion of crisis, we understand an aggravation of the discrepancies of the social-economic system that threaten its stability. Specialist that deal with problems of crisis management claim that measures must be taken when the financial results of the enterprise become unsatisfactory, when symptoms of an unfavorable situation of the activity of enterprise appear. This chapter presents the economic-organizational analysis of the strategies applied in the anti-crisis management.

ABOUT A BALANCED HOLISTIC AND ACTUALLY A POSSIBLE MODEL OF MACROECONOMIC SYSTEM

2016 ◽  
Vol 9 (1) ◽  
pp. 62-68
Author(s):  
Владимиров ◽  
S. Vladimirov
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Open Economy ◽  
Carnot Cycle ◽  
Social Efficiency ◽  
Material Wealth ◽  
Budget Analysis ◽  
Modern Economic ◽  
S Model ◽  
Specific Amount

The author´s model, which is close to the interpretation of econophysical" direction leniyu in modern economic theory (the Carnot cycle in the thermodynamic) resulting economic system specific amount of public expenditure and investments always result in the ideal case ("zero-loss" maximum mally possible social efficiency of public spending and investments) to the maximum possible rate of economic growth. The result of the model developed by the author of a balanced open economy is to overcome the barrier of the alleged lack of economic system of quantitative constants, so it is very different from the physical systems (with full awareness of the limitations of its author: irreducibility public the progress of human development to increase income or augmenting material wealth, economic growth). Holistic macroeconomic model proposed above, following the introduction of her in the preparation, negotiation, approval and implementation of the budget analysis relevant government authorities allow, in our opinion "sighted", and not blindly justify the scientific and strictly control the effectiveness of direction tions of macroeconomic development, their deviation from ideal.

Diamonds or development? A structural assessment of Botswana's forty years of success

2008 ◽  
Vol 46 (2) ◽  
pp. 191-214 ◽  
Author(s):  
Ellen Hillbom
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Structural Analysis ◽  
Income Distribution ◽  
Political Institutions ◽  
Success Story ◽  
Modern Economic Growth ◽  
Democratic System ◽  
Modern Economic

ABSTRACTDue to its four decades of high long-term economic growth and democratic system, Botswana has been depicted as an exceptional success story in a region full of economic and political failures. In this article, a structural analysis is applied, and it is argued that Botswana's success should be understood as one of pre-modern growth without development. It is claimed that although the country may be a growth miracle, it has not yet experienced ‘modern economic growth’, characterised by structural change in patterns of production as well as in social and political institutions. Such analysis also offers an explanation for the duality of Botswana's economy and society, since pre-modern growth, as opposed to development, allows for significant poverty rates and extremely unequal resource and income distribution to prevail in the midst of plenty.

scholarly journals MODEL PERTUMBUHAN EKONOMI DUA DAERAH DAN SIMULASI EFEK PERUBAHAN PARAMETERNY

2008 ◽  
Vol 7 (1) ◽  
pp. 47
Author(s):  
N. T. TAUFIK ◽  
E. H. NUGRAHANI ◽  
R. BUDIARTI
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Growth Model ◽  
Regional Growth ◽  
Learning By Doing ◽  
Trade Patterns ◽  
Knowledge Accumulation ◽  
Economic Growth Model ◽  
Modern Economic Growth ◽  
Modern Economic

The traditional growth theory usually considers only the accumulation of conventional inputs of labor and capital as the primary variables responsible for the growth. It has been proven to be insufficient for explaining the complexity of modern economic growth. This thesis aims to study a two-region economic growth model proposed by Zhang (2005). This model explains the dynamics of economic system based on capital and knowledge accumulation. It also considers relationships between regional growth and regional trade patterns. Each region's production is similar to the standard one-sector growth model. Knowledge accumulation is assumed to be accomplished through learning by doing. Unfortunately, in obtaining the equilibrium solution of the model Zhang made some mistakes. Therefore, this thesis offers some corrections. The analysis done in this thesis includes obtaining equilibrium of the economic system and its feasibility conditions. Some results of simulation study show that knowledge improvement is more effective to increase equilibrium value of economic growth compared to improvement in investment or amenity level.

The Impact of Modern Economic Growth on Urban–Rural Differences in Subjective Well-Being

2011 ◽  
Vol 39 (12) ◽  
pp. 2187-2198 ◽  
Author(s):  
Richard A. Easterlin ◽  
Laura Angelescu ◽  
Jacqueline S. Zweig
Keyword(s):  
Economic Growth ◽  
Well Being ◽  
Subjective Well Being ◽  
Modern Economic Growth ◽  
Urban Rural ◽  
Modern Economic ◽  
The Impact

scholarly journals Real National Income Average Growth Rate: A Novel Economic Growth and Social Fair Evaluation Index

2015 ◽  
Vol 2015 ◽  
pp. 1-7 ◽  
Author(s):  
Chien Wei Wu ◽  
Wei Zhan Hung
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Income Distribution ◽  
National Income ◽  
Economic Index ◽  
Average Growth Rate ◽  
Average Growth ◽  
Economic Growth Rate ◽  
The Difference ◽  
Real National Income

The purpose of this study is to propose a new economic index, namely, real national income average growth rate (RNIAGR), which measures the performance of economic growth with consideration for income distribution. This study also develops another new economic index, called five-scale real national income average growth rate (FSRNIAGR), which simplifies the calculation of RNIAGR. The merits of these new indexes are discussed to justify their efficacy. This paper also justifies the use of proposed index by showing that this index can actually measure the ordering of social welfare. To highlight the difference between this new index and the traditional ones, this paper compares the index with real economic growth rate using the data of Taiwan. In addition, this paper shows that when the real growth stagnates or even declines, this new index indicates that income distribution deteriorates.

scholarly journals economic development

2019 ◽  
Author(s):  
hijratul husna
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Distribution ◽  
Natural Resources ◽  
Economic System ◽  
Market Economy ◽  
Development Strategies ◽  
Positive Correlation ◽  
The Rich ◽  
Means Of Production

The problem of poverty is often associated with the problem of inequality in income distribution. Continuous economic growth does not always reduce poverty or economic growth which does not have a positive correlation with income distribution.The inequality of income distribution makes the rich and the poor's ravines increasingly steep which results in social jealousy and the potential to trigger various criminal acts.Inequality can be caused by inequality of natural resources (SDA), expertise, talent, and capital (an economic system in which trade, industry and means of production are controlled by private owners with the aim of gaining profits in the market economy, capital owners in trying to reach as big as possible), as well as inappropriate development strategies that are growth-oriented.

Inter-country inequality as a dynamic process and the problem of post-industrial development

2018 ◽  
pp. 5-29 ◽  
Author(s):  
L. M. Grigoryev ◽  
V. A. Pavlyushina
Keyword(s):  
Economic Growth ◽  
Political Institutions ◽  
Industrial Development ◽  
Modern World ◽  
New Approach ◽  
Development Level ◽  
The World ◽  
Long Time ◽  
The Difference ◽  
Post Industrial

The phenomenon of economic growth is studied by economists and statisticians in various aspects for a long time. Economic theory is devoted to assessing factors of growth in the tradition of R. Solow, R. Barrow, W. Easterly and others. During the last quarter of the century, however, the institutionalists, namely D. North, D. Wallis, B. Weingast as well as D. Acemoglu and J. Robinson, have shown the complexity of the problem of development on the part of socioeconomic and political institutions. As a result, solving the problem of how economic growth affects inequality between countries has proved extremely difficult. The modern world is very diverse in terms of development level, and the article offers a new approach to the formation of the idea of stylized facts using cluster analysis. The existing statistics allows to estimate on a unified basis the level of GDP production by 174 countries of the world for 1992—2016. The article presents a structured picture of the world: the distribution of countries in seven clusters, different in levels of development. During the period under review, there was a strong per capita GDP growth in PPP in the middle of the distribution, poverty in various countries declined markedly. At the same time, in 1992—2016, the difference increased not only between rich and poor groups of countries, but also between clusters.

Openness of the Russian economy as a source of economic growth

2016 ◽  
pp. 26-42 ◽  
Author(s):  
P. Kadochnikov ◽  
A. Knobel ◽  
S. Sinelnikov-Murylev
Keyword(s):  
Economic Growth ◽  
Economic Integration ◽  
Global Economy ◽  
Regional Economic Integration ◽  
Policy Recommendations ◽  
Regional Economic ◽  
Russian Economy

The paper considers measures on Russia’s integration into the global economy, aimed at the economic growth resumption. It analyzes conditions and mechanisms due to which the expanding trade and mutual investment with other countries contribute to economic growth in Russia. The paper provides policy recommendations for export support, regional economic integration agenda and the institutions reform.

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