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Persistent link: https://www.econbiz.de/10010524779
"Political economy explanations for fiscal profligacy are dominated by models of bargaining among organized interest groups over group-specific targeted benefits financed by generalized taxation. These models predict that governments consisting of a coalition of political parties spend more than...
Persistent link: https://www.econbiz.de/10010520997
In recent years we have seen a growing number of banking and financial crises in emerging market countries, with great costs to their economies. But we now have a much better understanding of why these crises occur and a better idea how they can be prevented
Persistent link: https://www.econbiz.de/10010523953
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fluctuations and extreme output events (crises) on unemployment, poverty, and inequality. The authors find robust evidence that …
Persistent link: https://www.econbiz.de/10011394189
inequality (inequality between citizens of the world). It discusses the relationship between globalization and global inequality …. And it shows why global inequality matters and proposes a scheme for global redistribution. "--World Bank web site …
Persistent link: https://www.econbiz.de/10010522195
"Theories of poverty traps stand in sharp contrast to the view that anybody can make it through hard work and thrift. However, empirical detection of poverty traps is complicated by the lack of long panels, measurement error, and attrition. This paper shows how dynamic pseudo-panel methods can...
Persistent link: https://www.econbiz.de/10010522436
these inequality-adjusted social welfare functions in a general equilibrium structure mapping from tariff protection to … household inequality. This yields predictions regarding the linkages between trade protection, country characteristics, and … inequality within a broad general equilibrium framework. In addition, the authors can separate the efficiency and equity effects …
Persistent link: https://www.econbiz.de/10010522469
different incomes are not equally likely to participate. They discuss poverty and inequality measurement implications for … monotonically as income rises. Correcting for non-response appreciably increases mean income and inequality, but has only a small …
Persistent link: https://www.econbiz.de/10010522656