Lucas vs. Lucas : On Inequality and Growth /

Lucas (2004) asserts that "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution... The potential for improving the lives of poor people by finding different ways of distributing current producti...

Ամբողջական նկարագրություն

Մատենագիտական մանրամասներ
Հիմնական հեղինակ: Cordoba, Juan Carlos
Այլ հեղինակներ: Verdier, Genevieve
Ձևաչափ: Ամսագիր
Լեզու:English
Հրապարակվել է: Washington, D.C. : International Monetary Fund, 2007.
Շարք:IMF Working Papers; Working Paper ; No. 2007/017
Առցանց հասանելիություն:Full text available on IMF
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100 1 |a Cordoba, Juan Carlos. 
245 1 0 |a Lucas vs. Lucas :   |b On Inequality and Growth /  |c Juan Carlos Cordoba, Genevieve Verdier. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2007. 
300 |a 1 online resource (39 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Lucas (2004) asserts that "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution... The potential for improving the lives of poor people by finding different ways of distributing current production is nothing compared to the apparently limitless potential of increasing production." In this paper we evaluate this claim using an extended version of Lucas' (1987) welfare-evaluation framework. Surprisingly, we find that the welfare costs of inequality outweigh the benefits of growth in most cases. These calculations support the case for a research agenda that treats not only growth but also inequality as a priority. 
538 |a Mode of access: Internet 
700 1 |a Verdier, Genevieve. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2007/017 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2007/017/001.2007.issue-017-en.xml  |z IMF e-Library