The Great Divide Regional Inequality and Fiscal Policy is popular PDF and ePub book, written by William Gbohoui in 2019-05-02, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Great Divide Regional Inequality and Fiscal Policy can be Read Online from any device for your convenience.
The Great Divide Regional Inequality and Fiscal Policy Book PDF Summary
Growing regional inequality within countries has raised the perception that “some places and people” are left behind. This has prompted a shift toward inward-looking policies and away from pro-growth reforms. This paper presents novel stylized facts on regional inequality for OECD countries. It shows that regional disparity in per-capita GDP is large (even after adjusting for regional price differences), persistent, and widening over time. The paper also finds that rising nationwide income inequality is associated with both rising within-region income inequality and widening average income across regions. The rise in inequality is related to declining incentives for interregional labor mobility, especially for poor households in lagging regions, which are estimated to reduce by as much as one-third in the United States. Against these facts, the paper proposes a framework to identify whether, how and by whom fiscal policies can be used to tackle regional inequality. It outlines conditions under which those policies should be spatially-targeted and illustrates how they can be complementary to conventional means-testing methods in mitigating income inequality.
Detail Book of The Great Divide Regional Inequality and Fiscal Policy PDF
- Author : William Gbohoui
- Release : 02 May 2019
- Publisher : International Monetary Fund
- ISBN : 9781498311625
- Genre : Business & Economics
- Total Page : 41 pages
- Language : English
- PDF File Size : 13,6 Mb
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