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Chapter 10 Explaining cross-country income differences

McGrattan, Ellen R.; Schmitz, James A. - In: Handbook of macroeconomics : volume 1, part A, (pp. 669-737). 1999

This chapter reviews the literature that tries to explain the disparity and variation of GDP per worker and GDP per capita across countries and across time. There are many potential explanations for the different patterns of development across countries, including differences in luck, raw...

Persistent link: https://www.econbiz.de/10014024240

Income inequality, capitalism and ethno-linguistic fractionalization

Haan, Jakob de; Sturm, Jan-Egbert - 2014 - Version 24 December 2014

We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our results suggest that there is no robust...

Persistent link: https://www.econbiz.de/10010462823

AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN INCOME INEQUALITY AND GROWTH VOLATILITY IN 70 COUNTRIES FOR 1960-2002

KONYA, Laszlo; MOURATIDIS, Chris - In: Applied Econometrics and International Development 6 (2006) 1

The aim of this paper is to study the potentially simultaneous relationship between income inequality and growth volatility for seventy countries between 1960 and 2002. Two types of analysis are performed; a cross-sectional analysis based on country averages of all available annual observations,...

Persistent link: https://www.econbiz.de/10005062996

Economic complexity, shadow economy, and income inequality : fresh evidence from panel data

Pham Manh Hung; Hoang Diep Huong Truong; Dung Phuong Hoang - In: International economic journal 38 (2024) 2, pp. 270-292

Persistent link: https://www.econbiz.de/10014577853

Structural development accounting

Gancia, Gino Alessandro; Müller, Andreas; Zilibotti, … - 2011

, costly adoption and spillovers from the world technology frontier. Despite its parsimonious parametrization, our empirical … ; Distance to Frontier ; Inappropriate Technologies ; Skill-biased Technical Change ; Productivity ; TFP differences …

Persistent link: https://www.econbiz.de/10009739171

The impact of Artificial Intelligence on productivity, distribution and growth : Key mechanisms, initial evidence and policy challenges

Filippucci, Francesco - 2024

-Purpose Technology that can significantly influence economic productivity and societal wellbeing. It examines AI's unique capacity for … autonomy and self-improvement, which could accelerate innovation and potentially revive sluggish productivity growth across … various industries, while also acknowledging the uncertainties surrounding AI's long-term productivity impacts. The paper …

Persistent link: https://www.econbiz.de/10014568068

Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries

Arnold, Jens; Bassanini, Andrea; Scarpetta, Stefano - Economics Department, Organisation de Coopération et … - 2007

In this paper, we test whether the growth experience of a sample of OECD countries over the past three decades is more consistent with the human-capital augmented Solow model of exogenous growth, or with an endogenous growth model à la Uzawa-Lucas with constant returns to scale to “broad”...

Persistent link: https://www.econbiz.de/10005045653

Does Human Capital Matter for Growth in OECD Countries?: Evidence from Pooled Mean-Group Estimates

Bassanini, Andrea; Scarpetta, Stefano - Economics Department, Organisation de Coopération et … - 2001

This paper presents empirical estimates of human-capital augmented growth equations for a panel of 21 OECD countries over the period 1971-98. It uses an improved dataset on human capital and a novel econometric technique that reconciles growth model assumptions with the needs of panel data...

Persistent link: https://www.econbiz.de/10005045945

Equity market liberalization, credit constraints and income inequality

Sun, Puyang; Sen, Somnath; Jin, Shujing - In: Economics - The Open-Access, Open-Assessment E-Journal 7 (2013), pp. 1-28

This paper provides compelling evidence that equity market liberalization, as the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality by promoting increased human capital accumulation. The authors examine...

Persistent link: https://www.econbiz.de/10010954791

Foreign direct investment and income inequality: Does the relationship vary with absorptive capacity?

Wu, Jyun-Yi; Hsu, Chih-Chiang - In: Economic Modelling 29 (2012) 6, pp. 2183-2189

There has been little systematic empirical literature on the linkage between income inequality and FDI (Basu and Guariglia, 2007; Tsai, 1995). This paper analyzes the effects of foreign direct investment (FDI) on income inequality and asks whether the relationship depends on absorptive capacity or...

Persistent link: https://www.econbiz.de/10010588255

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