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We study the optimal dynamics of an AK economy where population is uniformly distributed along the unit circle. Locations only differ in initial capital endowments. Despite constant returns to capital, we prove that transition dynamics will set in. In particular, we prove that the...
Persistent link: https://www.econbiz.de/10008478960
This study examines the impact of globalization on cross-country inequality and poverty using a panel data set for 65 … developing counties, over the period 1970-2008. With separate modelling for poverty and inequality, explicit control for … understanding of cross country variations in income inequality and poverty. The major findings of the study are five fold. First, a …
Persistent link: https://www.econbiz.de/10008490383
inequality and subsequent economic growth are well known to be related. This paper links inequality and R&D-driven growth. It …
Persistent link: https://www.econbiz.de/10005549064
, inequality and growth are jointly determined. We show how including fairness explains various observed relationship between … inequality, redistribution and growth. We also show how different beliefs about fairness can keep two otherwise identical …
Persistent link: https://www.econbiz.de/10005029382
CWe investigate how continental European unemployment can be reduced without reducing unemployment benefits and without reducing the net income of lowwage earners. Lower unemployment replacement rates reduce unemployment, the net wage and unemployment benefits. A lower tax on labour increases...
Persistent link: https://www.econbiz.de/10005811742
implications for the relationships between inequality and growth are examined. …
Persistent link: https://www.econbiz.de/10005811762