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The geometry of growth: how wealth distribution patterns predict economic development
Eurasian Economic Review Pub Date : 2024-03-07 , DOI: 10.1007/s40822-024-00261-3
Arie Jacobi , Joseph Tzur

Abstract

This study presents an in-depth exploration of the intricate relationship between wealth distribution patterns and a nation's economic development trajectory. Leveraging the characteristics of the Burr distribution, we meticulously analyzed the wealth per adult across a broad spectrum of countries. Our findings unequivocally establish that the geometric patterns of wealth distribution are inextricably linked to a country’s development status. In higher-development contexts, a sharper L-shaped wealth distribution emerges. Conversely, in less developed environments, wealth distribution gravitates towards a unimodal pattern. Notably, the research demonstrates that all highly developed and the majority of developed economies predominantly exhibit an L-shaped wealth distribution. The implications of these findings are profound, offering insights into how wealth disparities influence a myriad of economic, social, and political factors. By understanding these nuances, policymakers and stakeholders can better navigate the complex interplay between wealth distribution and broader economic strategies, ultimately steering nations toward sustainable and inclusive growth.



中文翻译:

增长的几何:财富分配模式如何预测经济发展

摘要

本研究深入探讨了财富分配模式与国家经济发展轨迹之间的复杂关系。利用伯尔分布的特征,我们仔细分析了多个国家/地区的每个成年人的财富。我们的研究结果明确表明,财富分配的几何模式与一个国家的发展状况有着千丝万缕的联系。在较高发展水平的背景下,会出现更尖锐的 L 形财富分配。相反,在欠发达的环境中,财富分配倾向于单峰模式。值得注意的是,研究表明,所有高度发达经济体和大多数发达经济体主要呈现 L 形财富分布。这些发现的影响是深远的,为了解贫富差距如何影响众多经济、社会和政治因素提供了见解。通过了解这些细微差别,政策制定者和利益相关者可以更好地驾驭财富分配和更广泛的经济战略之间复杂的相互作用,最终引导各国实现可持续和包容性增长。

更新日期:2024-03-07
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