Income Concentration, Financial Liberalization, and Decoupling Between the United States and China
AbstractThis inquiry explores connections between income distribution and economic growth in the United States and China, arguing that in the United States income concentration coupled with financial deregulation became a structural factor contributing to the 2007 financial crisis and to the low growth registered afterwards. In China, despite the recent income concentration, economic growth was supported by public investment decoupling Chinese economic performance from the low rates of economic growth exhibited by the United States. A comparative approach to selected Keynesian transmission mechanisms and their effects on income concentration, domestic demand, and economic growth are considered for the United States and China.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by M.E. Sharpe, Inc. in its journal Journal of Economic Issues.
Volume (Year): 46 (2012)
Issue (Month): 2 (June)
Contact details of provider:
Web page: http://www.mesharpe.com/mall/results1.asp?acr=jei
economic growth; household consumption; income distribution; labor market;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ian Winship) or (Chris Nguyen).
If references are entirely missing, you can add them using this form.