Inequality, poverty, and resilience to economic shrinking

Research output: Contribution to journalArticlepeer-review

Abstract

With the recognition that generating economic growth is not the same as sustaining it, the challenge to catch-up and growth literature is discerning between these processes. Recent research suggests that the decline in the frequency of “shrinking” episodes is more important for long-term development than higher growth rates. By using a framework centred around social capabilities, this study aims to investigate the effects of income inequality and poverty on economic shrinking frequency, as opposed to previous literature that has exclusively had a growth focus. The aim is to investigate how and why some societies might be more resilient to economic shrinking.
Original languageEnglish
Pages (from-to)40-81
Number of pages41
JournalInternational Journal of Development Issues
Volume23
Issue number1
Early online date2023 Oct
DOIs
Publication statusPublished - 2024 Mar 21

Subject classification (UKÄ)

  • Economic History

Free keywords

  • Economic development
  • Income inequality
  • Poverty
  • Shrinking
  • Volatility
  • Social capabilities

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