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Empirical evidence about income convergence among regions and countries is inconclusive and it is necessary to clarify … the economic and institutional conditions for convergence. We investigate movements in the income distribution among … development. The convergence towards a narrower unimodal distribution of per capita income is convincing in this homogenous …
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Brown et al. (2006) derive a Stein-type inequality for the multivariate Student-t distribution. We generalize their result to the family of (multivariate) generalized hyperbolic distributions and derive a lower bound for the variance of a function of a random variable
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A multivariate distribution possessing arbitrarily parameterized Pareto margins is formulated and studied. The distribution is believed to allow for an adequate modeling of dependent heavy tailed risks with a non-zero probability of simultaneous loss. Numerous links to certain nowadays existing...
Persistent link: https://www.econbiz.de/10014153813
A multivariate distribution possessing arbitrarily parameterized Pareto margins is formulated and studied. The distribution is believed to allow for an adequate modeling of dependent heavy tailed risks with a non-zero probability of simultaneous loss. Numerous links to certain nowadays existing...
Persistent link: https://www.econbiz.de/10014192970
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The effects of inequality on economic growth depend on several factors. On one hand, they depend on the time horizon considered, on the initial level of income and on its initial distribution. But, on the other hand, as growth and inequality are also uneven across space, it also seems relevant...
Persistent link: https://www.econbiz.de/10011515023
Though a country's economy is growing, separate regional development disparities could be even more significant. This paper aims to identify the situation of inequality of Lithuania's regions, taking into consideration the most important factors of regional economic growth and investments....
Persistent link: https://www.econbiz.de/10012174785