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1.36 MB
Extraction Summary
3
People
2
Organizations
1
Locations
1
Events
4
Relationships
3
Quotes
Document Information
Type:
Economic research report / ratingsdirect document
File Size:
1.36 MB
Summary
This document, part of a Standard & Poor's economic research report, discusses findings by IMF economists that challenge the assumed trade-off between economic efficiency and income equality. The text argues that lower income inequality is strongly linked to longer durations of economic growth spells, citing data that shows income distribution has a more significant impact on growth sustainability than factors like trade openness or political institutions.
People (3)
| Name | Role | Context |
|---|---|---|
| Andrew Berg | ||
| Jonathan Ostry | ||
| Jeromin Zettelmeyer |
Organizations (2)
| Name | Type | Context |
|---|---|---|
| IMF | ||
| Standard & Poor's |
Timeline (1 events)
Publication of "Equality and Efficiency" (September 2011)
Locations (1)
| Location | Context |
|---|---|
Relationships (4)
Income distribution
→
has stronger impact on growth duration than
→
Trade openness
Key Quotes (3)
"In short, promoting greater equality may also improve efficiency in the form of more sustainable long-run growth."Source
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Quote #1
"They found that a 10% decrease in inequality (a change in the Gini coefficient to 0.37 from 0.40) increases the expected length of a growth spell by 50%."Source
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Quote #2
"Income Distribution Has A Stronger Impact On How Long Growth Lasts Than Other Factors"Source
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Quote #3
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