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In this paper, we study some of the properties of a discrete-time version of the two-class model of growth and …
Persistent link: https://www.econbiz.de/10005125028
economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of … triggered the transition from stagnation to growth and the associated phenomenon of the great divergence in income per capita … across countries has been widely viewed as one of the most significant challenges facing researchers in the field of growth …
Persistent link: https://www.econbiz.de/10005062763
Gini coefficient and to increase average income, growth, and income of the poor. However, some non-linearites are detected …
Persistent link: https://www.econbiz.de/10005412490
aggregate relations. This paper establishes a bridge between the aggregation and the inequality and growth literature by … applying a log-linear aggregation method to a simple heterogeneous AK growth model. The aggregation effect is explicitly … captured in the growth equation by the changes of the mean logarithmic deviation (MLD or Theil’s second measure) of the income …
Persistent link: https://www.econbiz.de/10005555988
economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of …-unified growth models with the main characteristics of the process of development across most of human history induced growth … modern era of sustained economic growth, and the recent transition between these distinct regimes. Unified growth theory …
Persistent link: https://www.econbiz.de/10005556052
distribution, growth and international specialization. The model is explored both for the steady- state properties and the … transitory dynamics of integrated economies. Income inequality affects the patterns of growth and international specialization as …
Persistent link: https://www.econbiz.de/10005556460
changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling …
Persistent link: https://www.econbiz.de/10005076545
We set up a unified growth model capturing the transition of a primitive and egalitarian hunter-gatherer society, into … human capital productivity and pushing the economy to sustained growth: an industrial revolution. Allowing also for a …
Persistent link: https://www.econbiz.de/10005076730
institutions also influences economic growth and the ability of a country to attract trade and foreign direct investment …
Persistent link: https://www.econbiz.de/10005076830
In the debate on monetary policy strategies on both sides of the Atlantic, it is now almost a commonplace to contrast the Fed and the ECB by pointing out the former’s flexibility and capacity to adjust rigidity, and the latter’s extreme caution, and obsession with low inflation. In looking...
Persistent link: https://www.econbiz.de/10005076846