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Growth and inequality

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  • Eliazar, Iddo

Abstract

How are growth and inequality related? Evidently, this question is of prime importance in the social sciences, as socioeconomic inequality is one of the major forces shaping the course of human history. Moreover, this question is of importance also in the physical sciences, as the notion of socioeconomic inequality can be applied to analyze physical growth. In this paper we consider general growth processes whose dynamics are governed by ordinary differential equations, and present a comprehensive inequality-based socioeconophysical study of their evolutions. From a social-sciences perspective, the results established describe the inequality that will be generated by different types of economic growth. From a physical-sciences perspective, the results established provide a socioeconomic classification of growth processes.

Suggested Citation

  • Eliazar, Iddo, 2015. "Growth and inequality," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 437(C), pages 457-470.
    • Handle: RePEc:eee:phsmap:v:437:y:2015:i:c:p:457-470
    DOI: 10.1016/j.physa.2015.06.007
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    References listed on IDEAS

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    1. Cowell, Frank, 2011. "Measuring Inequality," OUP Catalogue, Oxford University Press, edition 3, number 9780199594047, Decembrie.
    2. Enrico Santarelli (ed.), 2006. "Entrepreneurship, Growth, and Innovation," International Studies in Entrepreneurship, Springer, number 978-0-387-32314-5, December.
    3. Aoyama,Hideaki & Fujiwara,Yoshi & Ikeda,Yuichi & Iyetomi,Hiroshi & Souma,Wataru Preface by-Name:Yoshikawa,Hiroshi, 2011. "Econophysics and Companies," Cambridge Books, Cambridge University Press, number 9781107403482, December.
    4. Chakrabarti,Bikas K. & Chakraborti,Anirban & Chakravarty,Satya R. & Chatterjee,Arnab, 2013. "Econophysics of Income and Wealth Distributions," Cambridge Books, Cambridge University Press, number 9781107013445, December.
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    Cited by:

    1. Palestini, Arsen & Pignataro, Giuseppe, 2016. "A graph-based approach to inequality assessment," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 455(C), pages 65-78.

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