scholarly journals Income distribution, poverty and social expenditure in Latin America

CEPAL Review ◽  
1998 ◽  
Vol 1998 (65) ◽  
pp. 7-14 ◽  
Author(s):  
José Antonio Ocampo
Keyword(s):  
Latin America ◽  
Income Distribution ◽  
Social Expenditure

scholarly journals Productivity, social expenditure and income distribution in Latin America

2017 ◽  
Vol 37 (4) ◽  
pp. 660-679 ◽  
Author(s):  
MARIO CIMOLI ◽  
GABRIEL PORCILE ◽  
ANTONIO MARTINS NETO ◽  
FERNANDO SOSSDORF
Keyword(s):  
Latin America ◽  
Structural Change ◽  
Income Distribution ◽  
Production Structure ◽  
Social Expenditure ◽  
Long Run ◽  
Knowledge Intensive ◽  
Social Expenditures ◽  
Technological Intensity

ABSTRACT This paper discusses the role of institutions and structural change in shaping income inequality. It is argued that while social expenditure and direct redistribution are crucial for improving income distribution, sustainable equality requires structural change. The relative importance of these variables in different countries is analyzed and a typology suggested. It is argued that the most equal countries in the world combine strong institutions in favor of redistribution and knowledge-intensive production structures that sustain growth and employment in the long run. Both institutions and the production structure in Latin America fail to foster equality and this explains its extremely high levels of inequality. The paper presents empirical evidence that supports this view, based on a sample of developed and developing countries for the period 1990-2010. Institutions for redistribution are captured through social expenditures as a percentage of GDP, while the role of structural change is captured by indicators of the technological intensity of production and the evolution of labor productivity. The technological intensity of the production structure is proxied through two indicators, the Economic Complexity Index and the ECLAC Index of Technological Intensity.

scholarly journals CRECIMIENTO ECONÓMICO Y DESIGUALDAD EN ASIA, EUROPA Y AMÉRICA LATINA, 1990-2019

2020 ◽  
Vol 80 (315) ◽  
pp. 59
Author(s):  
Verónica Cerezo García ◽  
Heri Oscar Landa Díaz
Keyword(s):  
Economic Growth ◽  
Latin America ◽  
Income Distribution ◽  
Trade Liberalization ◽  
Latin American ◽  
Free Market ◽  
Exogenous Shock ◽  
America Latina ◽  
The Relationship ◽  
Sample Set

<p>El objetivo de este trabajo es analizar el efecto de la liberalización comercial sobre la productividad, la distribución del ingreso y el crecimiento económico, además de examinar la capacidad de absorción que este proceso ha concedido a los países ante choques externos, como el Covid-19. Empíricamente, tomamos pie en la taxonomía de crecimiento y desigualdad de Fajnzylber (1990) y en un modelo panel para evaluar esta relación en Asia, América Latina y Europa durante el periodo 1990-2019. Los principales resultados muestran: 1) co-movimiento entre crecimiento y equidad en Asia, mientras que en América Latina hay rezagos significativos, y 2) la productividad y la competitividad no precio constituyen el factor dinamizante en Asia y Europa.</p><p align="center"><strong> </strong></p><p align="center">ECONOMIC GROWTH AND INEQUALITY IN ASIA, EUROPE, AND LATIN AMERICA, 1990-2019</p><p align="center"><strong>ABSTRACT</strong></p><p>The paper’s aim is to analyse the effect of trade liberalization on productivity, income distribution and economic growth. The ability of a free-market oriented economy to fence off an exogenous shock such as the Covid-19 pandemic is also dealt with. Following Fajnzylber’s (1990) taxonomy of growth and inequality, we assess the relationship between trade liberalisation, growth and income distribution for a sample set of Asian, Latin American, and European countries over the period 1990-2019. Our main empirical results show that there exist: 1) a co-movement between growth and equality in Asia, but significant lags in both respects prevail in Latin America; 2) productivity and non-price competitiveness are the dynamizing factors in both Asia and Europe</p>

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