By R. Gencay, et al.
''There are many books on linear filters and wavelets, yet there's just one publication, GenÃ§ay, SelÃ§uk, and Whitcher, that gives an creation to the sector for economists and fiscal analysts and the incentive to review the subjectÂ…..[it] comprises many useful financial and fiscal examples that would stimulate educational study for years to comeÂ…a such a lot great addition to the wavelet literature.''James B. Ramsey, Professor of Economics, long island collage, united states
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Additional info for An Introduction to Wavelets and Other Filtering Methods in Finance and Economics
Second, he emphasizes that these two effects are not independent of each other, but dynamically interact over time in a country-specific context producing heterogeneity and non-linearity in the poverty–growth relationship. More specifically, both the growth elasticity and the inequality elasticity of poverty are increasing functions of the level of development and decreasing functions of the degree of relative income inequality. Hence, Bourguignon (2004) advances the following three interrelated points: (i) Distribution matters for poverty reduction; (ii) Effective redistributive policies may in fact yield a double dividend: they reduce poverty today and accelerate poverty reduction in future, as discussed above; and (iii) The real challenge in establishing a development strategy for reducing poverty lies in understanding the interactions between distribution and growth.
Some of the rivers may be muddy and even polluted, while others may be crystal clear. The resulting quality of the lake or sea water depends on how these various flows combine, and similarly, the ultimate net effects of the different globalization–poverty channels depend on their combined individual effects. The chapter is structured as follows. In the next section we introduce four different concepts used to measure trends in world income inequality, which are relevant for our discussion on the globalization–poverty nexus.
7. 8. 9. 10. 11. shrinkage in space and in time that the world has experienced as a consequence of technological revolutions in transport, communications and information processing, the second usage points to policy choices and external liberalization involving political, economic and social choices. As Helleiner notes, despite this clear distinction, the recent association of external liberalization policies with the technologydriven fact of globalization has contributed to the terminological confusion.
An Introduction to Wavelets and Other Filtering Methods in Finance and Economics by R. Gencay, et al.