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Publications (39)
– The new structural financial economics framework
The primary role of finance is to serve the ‘real economy’¬—the part of the economy that produces goods and services. Yet in practice, the financial sector often excessively indulges in speculative activities rather than performing its main functions, such as channeling saving for productive...
In our book, we examine Chile's economic, social, and development policies over the past six decades. The focal point is the enduring influence of the neoliberal model—a model that took root in the mid-1970s under authoritarian conditions and persisted through democratic governments, albeit with...
– Time for a more ambitious redistribution and reparations agenda
The famous 1920s book The Great Gatsby, by F. Scott Fitzgerald, is the classic analogy for the American dream of meritocracy —that any person can achieve a better life regardless of their background— though the story illustrates the fragility of the dream. It also shows an age of prosperity just...
Simon Kuznets’ pipe dream was to have economic inequality data that rarely existed when he was writing. What are the pipe dreams of today’s development economists? How about a rigorous development economics book, or set of books, you could read in a spare hour or two? A book that provides an...
– Rethinking how much parents’ influence children’s human capital in low- and middle-income countries
The measure of human capital —the economic value of one’s skills and experience— acknowledges that investments in people’s cognitive and emotional skills, and health and nutrition, increase their productivity. Beyond economic gains, human capital is widely considered critical for many dimensions of...
The influenza pandemic of 1918 (the Spanish Flu) is by far the greatest humanitarian disaster caused by an infectious disease in modern history. It infected over a quarter of the world’s population and killed over 50 million people. The brunt of the pandemic was borne by countries in the periphery...
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– 1987-2001
The financial intermediation-growth nexus is a widely studied topic in the literature of development economics. Deepening financial intermediation may promote economic growth by mobilizing more investments, and lifting returns to financial resources, which raises productivity. Relying on provincial...
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– A Regression-based Decomposition Approach
This paper proposes a decomposition framework for quantifying contributions of the determinants of poverty to spatial differences or temporal changes in poverty. This framework is then applied to address the issue why poverty incidence is higher in inland than in coastal China. The empirical...
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– Trends, Causes and Policy Implications
This paper depicts the trend of regional inequality in rural China for the period 1985-2002. The total inequality is decomposed into the so-called within- and between-components when China is divided into three regional belts (east, central and west). A regression-based accounting framework is then...
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– A Decomposition Framework with Application to China
This paper proposes a framework for incorporating longitudinal distributional changes into poverty decomposition. It is shown that changes in the Sen-Shorrocks-Thon index over time can be decomposed into two components—one component reflects the progressivity of income growth among the original poor...
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Relying on a recently developed decomposition framework, this paper explores spatial distribution of innovation capability in China. It is found that at the regional level, China's inequality in innovation capability increased from 1995 to 2004. At the provincial level, the inequality decreased from...
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– Trends and Causes
Applying the Shapley decomposition to unit-record household survey data, this paper investigates the trends and causes of poverty in China in the 1990s. The changes in poverty trends are attributed to two proximate causes; income growth and shifts in relative income distribution. The Foster-Greer...
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This paper describes and decomposes wage differences between female and male workers. The results indicate that females receive low wages because of unequal pay within sectors, and that the wage gap caused by the difference in sectoral attainment is small. The results also reveal that a lion’s share...
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– Empirical Evidence from Within China
China’s recent accession to the WTO is expected to accelerate its integration into the world economy, which aggravates concerns over the impact of globalization on the already rising inter-regional income inequality in China. This paper discusses China’s globalization process and estimates an income...
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Gender earnings differentials in urban China by region and their changes during the first decade of economic reform are examined. It is found that the female–male earnings ratio increased during the early stage of reform. The male earnings premium, overall, showed an increasing trend in the later...
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Using new household survey data for 1995 and 2002, we investigate the size of China’s urban-rural income gap, the gap’s contribution to overall inequality in China, and the factors underlying the gap. Our analysis improves on past estimates by using a fuller measure of income, adjusting for spatial...
Displaying 16 of 39 results