Abstract
A prevalent feature of social and economic planning in most developing countries, until quite recently, has been the particular emphasis on growth maximisation and optimum resource allocation. The rationale behind this approach to development planning has been the view that the maximisation of the rate of growth of output not only entails more material well-being for the nation as a whole but also results in a better distribution of income in the long run.
The views expressed in this paper are strictly those of the authors.
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References
Boskin, M. J., and E. Sheshinski (1976), ‘Optimal income redistribution when individual welfare depends upon relative income’, IsIBER Working Paper no. 144.
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© 1978 International Economic Association
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Pesaran, M.H., Gahvary, F. (1978). Growth and Income Distribution in Iran. In: Stone, R., Peterson, W. (eds) Econometric Contributions to Public Policy. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-16003-7_11
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DOI: https://doi.org/10.1007/978-1-349-16003-7_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-16005-1
Online ISBN: 978-1-349-16003-7
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