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A Comprehensive Review on Capital Structure Theories

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Author(s): Asăvoaei Alexandru

Journal: The Romanian Economic Journal
ISSN 1454-4296

Volume: XVI;
Issue: 47;
Start page: 149;
Date: 2013;
Original page

Keywords: income | inequality | distribution | Keynesian | economic growth.

ABSTRACT
Income inequality and income distribution have always represented a foremost topic with important economic, political and social implications. The large income disparities both at a national and global level present nowadays an even greater importance since after three decades of global capitalism, the anticipated and desired convergence of world economies fails to materialize. In recent decades, the large income gaps still remained: the poorest fifth of the world population possessed in 2009 only 1.4% of global incomes while the richest fifth owned 82.7% of global revenues. The present paper aims to illustrate the underlying causes of the persistent income inequality from the recent decades performing the analysis from the interventionist economic theory perspective developed by John Maynard Keynes.
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