Examining Inequality: Who Really Benefits from Global Growth?

Edward, Peter

doi:10.1016/j.worlddev.2006.02.006

Cited by 57 publications

(36 citation statements)

References 20 publications

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“…elsewhere (Edward, 2006;Edward and Sumner, 2014) although recent increases in available data mean that in GrIP v2.0 we have improved the method of estimation by introducing the regression relationship described here. We estimate that α = 0.052.…”

Section: Annex: Methodological Approachmentioning

confidence: 99%

Global inequality and global poverty since the Cold War: how robust is the optimistic narrative?

Edward¹,

Sumner²

2017

Sustainable Development Goals and Income Inequality

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Section: Annex: Methodological Approachmentioning

confidence: 99%

Global inequality and global poverty since the Cold War: how robust is the optimistic narrative?

Edward¹,

Sumner²

2017

Sustainable Development Goals and Income Inequality

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“…From the data in [20], it is easy to show that, on a global scale, per capita consumption follows a power law with β ≈ 1.4 for 60%-70% of the world's population. However, it it difficult to separate the signature of market dynamics from institutional factors and colonial heritage.…”

Section: Is the Current Economic System Boc?mentioning

confidence: 99%

“…Edward [20] integrated information from most countries to estimate the deciles of the global distribution of individual consumption, in 1993 and 2001, in 2002 U.S. dollars at purchasing power parity rates. Having these deciles is equivalent to having the frequency distribution summarized in 10 bins with irregular size but equal probabilities.…”

Section: Is the Current Economic System Boc?mentioning

confidence: 99%

“…Simultaneously, there would be a systematic advantage for low income countries. However, rather than preferential access to the markets of high income countries (which can only favor low income countries by means of a trickle-down effect that will vanish as soon as there is no more growth [21] and that is extremely inefficient even with growth [20]), these would be granted a higher capacity to protect their domestic production from international competition. The development of a pattern of economic relations among countries favoring equality would benefit from the same type of modeling approach that is outlined in Appendix 7 for relations among individuals (or households).…”

Section: Economic System and Equitymentioning

confidence: 99%

“…Degrowth proponents take note of studies indicating that, after some given GDP per capita has been exceeded, further increases in GDP do not contribute significantly to psychological wellbeing [17][18][19]. It can be added that increasing GDP is an extremely inefficient way to reduce poverty, as shown in [20] and previously foreseen in [21].…”

Section: Introductionmentioning

confidence: 99%

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Ecological Econophysics for Degrowth

Pueyo

2014

Sustainability

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This paper outlines a synthesis of ecological economics with econophysics and other complexity approaches to economics. Arguably, the resulting "ecological econophysics" will be scientifically sounder than mainstream economics and much better suited to addressing a major challenge of our times: the development of democratically-based policies to reduce economic throughput to an environmentally sustainable level without triggering economic crises and without excluding part of the world's population, i.e., to implement degrowth. Degrowth will need major structural changes, which leads us to question whether there are limits to the malleability of the economic system's architecture. A fundamental limit will be encountered if, as suggested by the physics of complexity, long-lasting complex systems always occur midway between an ordered and a disordered state. There is much evidence that this hypothesis holds and that the current economic system satisfies this condition. However, this does not mean that the problems posed by this system should be unavoidable. Ecological econophysics gives clues to identifying alternative economic systems that would also function between order and chaos, but which would have radically different implications for environmental sustainability and social justice.

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Growth and Distribution Since the Cold War

Edward

Sumner

2019

The End of Poverty

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Examining Inequality: Who Really Benefits from Global Growth?

Cited by 57 publications

References 20 publications

Global inequality and global poverty since the Cold War: how robust is the optimistic narrative?

Global inequality and global poverty since the Cold War: how robust is the optimistic narrative?

Ecological Econophysics for Degrowth

Growth and Distribution Since the Cold War

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