Showing 1 - 10 of 24
-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the … inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries … is high whereas the world growth rate is low. The introduction of non-homothetic preferences rises a number of …
Persistent link: https://www.econbiz.de/10010817276
distribution of income affects the incentive to innovate and hence long-run growth. In general, less inequality tends to discourage …We utilize Schmookler’s (1966) concept of demand-induced invention to study the role of income inequality in an … endogenous growth model. As rich consumers can satisfy more wants than poor consumers, both prices and market sizes for new …
Persistent link: https://www.econbiz.de/10005627897
We analyze a macroeconomic model of monopolistic competition in which consumers earn unequal incomes. When preferences are non-homothetic, the distribution of income affects equilibrium mark-ups and equilibrium product diversity.
Persistent link: https://www.econbiz.de/10005627934
“Accelerated Growth Strategy” (Stratégie de Croissance Accélérée in French or SCA) in the fight against poverty. We start by an … analysis of the macroeconomic foundations of growth in Senegal and then examine the evolution of labor market and social … indicators over the period under study. We show that growth achievements did not meet the targets set by the SCA. Despite the …
Persistent link: https://www.econbiz.de/10008490310
(english) Since the 1994 devaluation, growth has been quite strong in Mali (about 5% p.a. on average), but much weaker … in terms of GDP per person (about 2.6% p.a.) due to a very high index of fecundity. Growth is still very unstable, due to … a surge after the devaluation, poverty incidence plummeted slightly. Extreme poverty decreased, and growth has been pro …
Persistent link: https://www.econbiz.de/10005094534
Since 2004, the Government of Senegal has adopted an accelerated growth program in the aim of reducing poverty by half … growth strategy is not really in accordance with the Senegalese Poverty Reduction Strategy Paper …
Persistent link: https://www.econbiz.de/10005181791
This paper analyzes the impact of inequality on growth when technical progress is driven by innovations and consumers … have hierarchic preferences. Inequality has an impact on growth because it affects the structure and the dynamics of demand …. Redistribution from very rich to very poor consumers is beneficial for growth. In general, the growth effect depends on the nature of …
Persistent link: https://www.econbiz.de/10005627889
the U.S. We review insights from the recent macroeconomic literature on inequality and growth and use these insights to … shed light on the growth and inequality trends. …This paper discusses long-term trends in the macroeconomic growth performance and in income distribution in Europe and …
Persistent link: https://www.econbiz.de/10005627929
work on the inequality-growth nexus should use more specific measures of inequality rather than measures of “overall …Recent macroeconomic research discusses credit market imperfections as a key channel through which inequality retards … growth. Limited borrowing prevents the less affluent individuals from investing the efficient amount, and the inefficiencies …
Persistent link: https://www.econbiz.de/10005628001
(english) This paper is dedicated to a theoretical and empirical survey of the relationship between trade, growth …, poverty and inequality in developing countries. This relationship has been widely discussed by economists during the last few … results of empirical studies on the impact of openness (as measured by the protection rate) on growth are not robust. Some …
Persistent link: https://www.econbiz.de/10005094519