The paper analyzes the relationship between remittances and financial development using the autoregressive distributed lag (ARDL) method based on Kenyan quarterly data from 2006 to 2016. Five different indicators of financial development are used in the study. The study used credit to the...

Nach den Ergebnissen des 81. World Economic Survey (WES), an dem sich 1 144 Experten aus 91 Ländern beteiligt haben, hat sich das ifo Weltwirtschaftsklima im Juli 2003 deutlich aufgehellt, nachdem es bereits im April erste Zeichen einer Erholung gezeigt hatte. Mit 91,3 Punkten (1995 = 100)...

This paper studies determinants of income inequality using a newly assembled panel of 16 countries over the entire twentieth century. We focus on three groups of income earners: the rich (P99-100), the upper middle class (P90-99), and the rest of the population (P0-90). The results show that...

This paper examines the long-run determinants of the evolution of top in-come shares. Using a newly assembled panel of 16 developed countries over the entire twentieth century, we find that financial development dis-proportionately boosts top incomes. This effect appears to be particularly...