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This paper studies the interactions between the structure of product demand, relative wages, and the allocation of economic activity across two sectors. The agrarian sector produces a homogeneous good and consists of informal firms employing adults and children. The modern sector produces a...
Persistent link: https://www.econbiz.de/10009224869
inequality and widening gaps between rich and poor, and urban and rural. It is therefore it is important to examine the … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income …, inequality and growth bear a non-linear relationship: for low values of inequality, economic growth rate is an inverted U …
Persistent link: https://www.econbiz.de/10010580969
regional inequality within countries. Investigating changes in the dispersion of regional incomes over time reveals that … regional inequality based on cross-section data. Panel regressions investigate the within-country changes in inequality, i ….e., the determinants of the convergence process. We find evidence for an N-shaped relationship between development and …
Persistent link: https://www.econbiz.de/10011272626
empirical findings regarding the association between religion, political institutions, and human development. …
Persistent link: https://www.econbiz.de/10010668474
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 relationship between economic freedom and income inequality. In addition, we analyze …
Persistent link: https://www.econbiz.de/10011124890
We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...
Persistent link: https://www.econbiz.de/10008671708
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and differentiated risk types. Specifically, we build a model economy that replicates the current outcome with...
Persistent link: https://www.econbiz.de/10010593131
In transition and developing countries, we observe rather high levels of corruption even if they have democratic political systems. This is surprising from a political economy perspective, as the majority of people generally suffers from high corruption levels. Our model is based on the fact...
Persistent link: https://www.econbiz.de/10005181428
This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically...
Persistent link: https://www.econbiz.de/10010877698
This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically...
Persistent link: https://www.econbiz.de/10010877727