Explaining international and intertemporal variations in income inequality

Article Abstract:

Income inequality tends to be stable within nations and differs markedly among nations. Inequality results due to factors involving political economy, such as political freedom and initial secondary schooling, and, to greater extent, capital market imperfection. Data set also revealed that lessening of income inequality may not be the easiest solution towards attaining a desired economic growth.

Economics, Research and Development in the Social Sciences and Humanities, Capital market, Capital markets, Income distribution

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The relation of Mr. Meade's relation to Kahn's multiplier

Article Abstract:

Meade's Relation is derived from Kahn's multiplier theory of supply and demand. Meade's theory of savings replaces Kahn's propensity to consume factor with a factor describing the propensity to save. Meade's Relation concludes that increases in income would result in a planned supply of savings that would match the initial demand for savings required to finance increased investments.

Models, Supply and demand

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Structural Path Analysis and Multiplier Decomposition within a Social Accounting Matrix Framework

Article Abstract:

Structural path analysis is applied to a social accounting matrix framework to provide an alternative means of decomposing multipliers. The circular interdependence of any economic system is characterized. Usage is suggested to evaluate policy instruments.

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