Description
Book SynopsisDuring the growth process inequality may rise or decline, and the change in the level of inequality may, in turn, affect growth. An increase in inequality in one place and better prospects of growth and earnings elsewhere can trigger migration. As a result of these close affecting links between factors, each of the eighteen studies - a mix of both theoretical and empirical - is concerned with at least two of these issues, and is classified into one of three general parts in accordance with the theme that is mostly emphasised.
The main focus of the papers appearing in the first part of the book is on inequality and its effects on growth, labour market integration and government policies. The book continues by dealing with migration, its determinants and its possible effect on the host country's output, employment and standard of living. Finally, the authors discuss economic growth and its relationship with trade, capital accumulation and internal and external debts.
Economists and researchers studying development economics and migration studies will find this original book, with its innovative state-of-the-art studies, of great interest.
Trade Review'The studies in this volume are state-of-the-art, uniformly well written, and address important themes. . . This volume deserves to be in every research holding dealing seriously with issues of migration, economic growth, and inequality.' -- Derek Hum, Journal of International Migration and Integration
'This book is certainly a great reference for anyone interested in development economics not only because of the specific issues that it covers, but also in terms of the general approaches that it presents. Economists and researchers studying development economics and migration studies will find this collection of works of great usefulness and interest.' -- Christopher Bajada, Economic Record
Table of ContentsContents: Preface Part I: Inequality: Implications for Growth, Labour Market Integration and Policy 1. Inequality and Economic Growth: A Review of the Literature 2. Growth and Income Inequality in Advanced, Capitalist, Stable Economies: Evidence from Australia 3. Median Income: Modelling and Implications for Assessing Growth and Convergence 4. Income Inequality among Different Regions in China’s Post-Reform Era 5. Income Inequality and Redistributive Government Spending: Theory and Panel Data Evidence 6. Employment Inequality, Employment Regulation and Social Welfare 7. Oligarchy Power and Inflation in Brazil Part II: Migration: Unemployment, Assimilation, Expected Returns and Risk 8. Migration, Unemployment and the Optimal Tax: Implications for Growth and Income Distribution 9. Supply, Demand and Disequilibrium in the Market of Immigrants 10. Migration Timing: Expected Returns, Risk Aversion and Assimilation Costs 11. The Effects of Income Disparities on Inter-Regional Migration in a Technologically Developed Country: Evidence from Australia 12. Populate or Perish: Scale, Growth and Australia’s Post-War Immigration 13. Demographic Change, Foreign Borrowing and Intergenerational Equity Part III: Growth: Trade, Capital Accumulation and Debts 14. Trade Liberalisation and Labour Markets in Developing Countries: Theory and Evidence 15. Relative Wages and Trade in a Growing Small Open Economy: Mexico, 1987–95 16. R&D Spillovers and Export Performance: Evidence from the OECD Countries 17. Finite Lifetimes, Economic Policies and Capital Accumulation 18. Optimal Capital Accumulation with Trade, Sovereign Debt and Trustworthy Reputation Index
