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In this paper, we have obtained closed-form solutions in Cass-Koopmans growth models with heterogeneous agents. The relationship between the form of production function and the dynamics of income distribution is made explicit. We then use this relationship to determine what production structure...
Persistent link: https://www.econbiz.de/10005125654
This research develops a theory about the role of within-country income inequality leading to overtaking in economic performance among countries. The theory captures two opposing effects of inequality on factor accumulation and suggests that the qualitative change in their combined effect is a...
Persistent link: https://www.econbiz.de/10005556070
This paper estimates the potential effects of a free trade agreement (FTA) between China and Mercosur on poverty … likely effects of an FTA with China on poverty and income distribution. We find that the FTA would result in a small … agreement with China on sectoral and aggregate employment rates. According to this, trade with the PRC did not have a …
Persistent link: https://www.econbiz.de/10005062638
This paper estimates the effects of trade integration between China and Mercosur on employment. The case of Argentina … labor demand elasticities in order to estimate the effects of trade with China on the employment rate. According to this …, trade with China did not have a significant effect on industrial employment, even in a period of swift trade liberalization …
Persistent link: https://www.econbiz.de/10005408025
. The accelerated growth episodes observed in Brazil and China demonstrate that the increase in income inequality may have …
Persistent link: https://www.econbiz.de/10005555988
high regional disparities, varying with the sector. We also find diverse combinations in productivity and unit price of …
Persistent link: https://www.econbiz.de/10005125734
industry in most cases, however, has displayed stagnating productivity growth, in some periods even a fall in productivity …. Does this fast-growing industry with a bad productivity record present a threat to aggregate productivity growth and, hence … its own stagnating productivity growth. Moreover, the industry has not yet exhausted opportunities for tackling existing X …
Persistent link: https://www.econbiz.de/10005412877
high regional disparities, varying with the sector. We also find diverse combinations in productivity and unit price of …
Persistent link: https://www.econbiz.de/10005556182
raising labour force participation and productivity can partly offset the impacts of an ageing population. These would enhance …
Persistent link: https://www.econbiz.de/10005556842
The objective of this work is to analyse the income inequality in the 15 EU countries during the convergence process to the Monetary Union. Using the information contained in the European Community Household Panel, corresponding to the four first waves. Using the inverse second order stochastic...
Persistent link: https://www.econbiz.de/10005076592