We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
The geometry of growth: how wealth distribution patterns predict economic development.
- Authors
Jacobi, Arie; Tzur, Joseph
- 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.
- Subjects
WEALTH distribution; ECONOMIC development; WEALTH inequality; GEOMETRY
- Publication
Eurasian Economic Review, 2024, Vol 14, Issue 2, p301
- ISSN
1309-422X
- Publication type
Article
- DOI
10.1007/s40822-024-00261-3