콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Macroeconomics

Print

Income distribution policy in developing countries : a case study of Korea (English)

Related Document
Frame of Image
  • Income distribution policy in developing countries : a case study of Korea (English)
  • Adelman, Irma; Robinson, Sherman
  • World Bank (WB)


link
Title Income distribution policy in developing countries : a case study of Korea (English)
Similar Titles
Material Type Reports
Author(English)

Adelman, Irma; Robinson, Sherman

Publisher

World Bank (WB)

Date 1978
ISBN 0-19-920084-X
Language English
File Type Link
Subject Economy < Macroeconomics

Abstract

The authors have developed a dynamic computable general equilibrium model that provides a laboratory for investigating the potential impact of various policy instruments and programs intended to improve the relative and absolute incomes of the poor. The model is rooted in an actual economy--that of the Republic of Korea. From their results, the authors conclude that policy instruments in current use are largely ineffective when used singly because the effects of even substantial governmental intervention are quickly dissipated over time, with few of the hoped for trickle-down effects. However, their results also show that if a government chooses to make anti-poverty policy the major focus of its development strategy and uses a coordinated package of diverse instruments that affect a large part of total economic activity, it can do much to reduce poverty and inequality. Such coordinated packages are feasible within the existing economic structure, though they have a major impact on the relative position of different socioeconomic groups and hence on the balance of political power within the country.