Inequality and Globalization: Improving Measurement through Integrated Financial Accounts: 15 (The Gorman Lectures in Economics)

Sprache: Englisch

Verlag: Princeton University Press, United States, New Jersey, 2024

0691211027 / 9780691211022

Serie: Buch 6 von 7 - The Gorman Lectures in Economics

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Artikelbeschreibung des Verkäufers

A remedy for the gap between micro and macro data, making measures of inequality and national income consistent with each otherIncreasing inequality, the impact of globalization, and the disparate effects of financial regulation and innovation are extraordinarily important topics that fuel spirited policy debates. And yet the facts underlying these debates are of doubtful accuracy. In reality, as Archawa Paweenawat and Robert Townsend show in Inequality and Globalization, there is a large gap between micro household surveys, which measure key outcomes such as inequality, and aggregated financial accounts, which measure macroeconomic totals and growth. Paweenawat and Townsend propose a remedy: integrated financial accounts, in which the flows in income statements, including saving and investment, are consistent with the changes in financial assets and liabilities in the balance sheet at micro and macro levels. None of the leading US micro household surveys or macro accounts meets this criterion.Drawing on extensive data from fieldwork in Thailand, Paweenawat and Townsend show how consistent integrated financial accounts at the individual household and small enterprise level can be created using household and firm survey data. Aggregated to the village level, these accounts can link anecdotal stories of individual households to their financial accounts, document the real impact on them from growth, and assess what would have happened to them if trade and financial liberalization had not been allowed. Paweenawat and Townsend then describe the next logical step: creating integrated financial accounts for the United States, working from the ground up and the top down. Only with these integrated accounts will policy debates on inequality and globalization have a solid factual basis. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged.…

Bestandsnummer des Verkäufers GOR013965810

Titel
Inequality and Globalization: Improving Measurement through Integrated Financial Accounts: 15 (The Gorman Lectures in Economics)
Autor
Archawa Paweenawat
Verlag
Princeton University Press, United States, New Jersey
Erscheinungsjahr
2024
Zustand
Very Good
Einband
Paperback
Sprache
Englisch
ISBN-10
0691211027
ISBN-13
9780691211022
Artikelgewicht
544 Gramm
Abmessungen
156.0 x 235.0
Serie
Buch 6 von 7: The Gorman Lectures in Economics

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