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INEQUALITY IN THE MONETARY AND FUNCTIONINGS SPACES: THE CASE OF PERU UNDER THE FIRST GARCIA GOVERNMENT (1985–1990)
Author(s) -
Burchi Francesco,
Passacantilli Andrea
Publication year - 2013
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/jid.1821
Subject(s) - inequality , garcia , economics , economic inequality , consumption (sociology) , government (linguistics) , income inequality metrics , socioeconomic status , development economics , social inequality , demographic economics , welfare economics , sociology , humanities , demography , social science , population , mathematical analysis , philosophy , linguistics , mathematics
In this article, we analyze inequality changes in Peru under the first Garcia government (1985–1990). Our findings indicate that stability in consumption inequality and a substantial decline in wealth inequality were achieved, probably thanks to the government's demand‐led policies, despite their deleterious effects on other macroeconomic indicators. The following analysis reveals that inequality in most functionings, including overall well‐being, diminished, as did geographical disparities. We thus offer here (i) a methodological contribution to the debate on inequality, stressing the need to go beyond consumption/income inequality if one wants to track inequality changes across time, and (ii) a contribution to the debate about the socioeconomic situation in Peru between 1985 and 1990. Copyright © 2011 John Wiley & Sons, Ltd.