{"title":"The geometry of growth: how wealth distribution patterns predict economic development","authors":"","doi":"10.1007/s40822-024-00261-3","DOIUrl":null,"url":null,"abstract":"<h3>Abstract</h3> <p>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.</p>","PeriodicalId":45064,"journal":{"name":"Eurasian Economic Review","volume":"31 1","pages":""},"PeriodicalIF":2.5000,"publicationDate":"2024-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Eurasian Economic Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1007/s40822-024-00261-3","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
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.
摘要 本研究深入探讨了财富分配模式与国家经济发展轨迹之间错综复杂的关系。利用伯尔分布的特点，我们细致分析了众多国家的成年人人均财富。我们的研究结果明确证实，财富分配的几何模式与一个国家的发展状况密不可分。在发展水平较高的环境中，财富分配呈现出更鲜明的 L 形。相反，在欠发达环境中，财富分配则倾向于单模模式。值得注意的是，研究表明，所有高度发达经济体和大多数发达经济体主要呈现 L 型财富分布。这些发现影响深远，让人们了解到贫富差距是如何影响众多经济、社会和政治因素的。通过了解这些细微差别，决策者和利益相关者可以更好地驾驭财富分配与更广泛的经济战略之间复杂的相互作用，最终引导国家实现可持续的包容性增长。
期刊介绍：
The mission of Eurasian Economic Review is to publish peer-reviewed empirical research papers that test, extend, or build theory and contribute to practice. All empirical methods - including, but not limited to, qualitative, quantitative, field, laboratory, and any combination of methods - are welcome. Empirical, theoretical and methodological articles from all fields of finance and applied macroeconomics are featured in the journal. Theoretical and/or review articles that integrate existing bodies of research and that provide new insights into the field are highly encouraged. The journal has a broad scope, addressing such issues as: financial systems and regulation, corporate and start-up finance, macro and sustainable finance, finance and innovation, consumer finance, public policies on financial markets within local, regional, national and international contexts, money and banking, and the interface of labor and financial economics. The macroeconomics coverage includes topics from monetary economics, labor economics, international economics and development economics.
Eurasian Economic Review is published quarterly. To be published in Eurasian Economic Review, a manuscript must make strong empirical and/or theoretical contributions and highlight the significance of those contributions to our field. Consequently, preference is given to submissions that test, extend, or build strong theoretical frameworks while empirically examining issues with high importance for theory and practice. Eurasian Economic Review is not tied to any national context. Although it focuses on Europe and Asia, all papers from related fields on any region or country are highly encouraged. Single country studies, cross-country or regional studies can be submitted.
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