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The median voter hypothesis, income inequality and income

Milanovic, Branko - EconWPA - 2003

The median voter hypothesis has been central to an extensive literature on consequences of income distribution. For example, it has been proposed that greater inequality is associated with lower growth, because of the greater redistribution that is sought by the median voter when income...

Persistent link: https://www.econbiz.de/10005076939

Indirect and Compounded Effects of External Crises on Growth in Emerging Markets

Melecky, Martin - EconWPA - 2005

An attempt to quantify possible negative effects of external crises in emerging market economies is made in this paper. The direct and indirect effects of the external crises, here sudden stops in capital flows and currency crises, are estimated and compounded into composite overall effects. In...

Persistent link: https://www.econbiz.de/10005408201

The Impact of Current Account Reversals on Growth in Central and Eastern Europe

Melecky, Martin - EconWPA - 2005

According to economic theory, the capital inflows reversal – so-called sudden stop – has a significant negative effect …

Persistent link: https://www.econbiz.de/10005556614

The Empirics of the Solow Growth Model: Long-Term Evidence

Barossi-Filho, Milton; Silva, Ricardo Gonçalves; … - EconWPA - 2004

The purpose of this paper is to reassess the standard Solow growth model,using a dynamic panel data approach. A new … methodology is chosen to deal with this problem. First, unit root tests for individual country time series were run. Second, panel … data unit root and cointegration tests were performed. Finally, the panel cointegration dynamics is estimated by DOLS …

Persistent link: https://www.econbiz.de/10005556713

Do efficient banking sectors accelerate economic growth in transition countries?

Koivu, Tuuli - EconWPA - 2002

earlier empirical literature. In this paper, we analyse the finance-growth nexus using a fixed-effects panel model and … unbalanced panel data from 25 transition countries during the period 1993-2000. We measure the qualitative development in the …

Persistent link: https://www.econbiz.de/10005561315

Export variety and economic growth in East European transition economies

Funke, Michael; Ruhwedel, Ralf - EconWPA - 2003

Utilising panel data for 14 East European transition economies, we find support for the hypothesis that a greater …

Persistent link: https://www.econbiz.de/10005561365

An Economic Development Index

Montenegro, Alvaro - EconWPA - 2004

There is no consensus about which variables, apart from income per capita, serve to characterize or define economic development, or guide its teaching. This paper proposes a simple and operational definition that combines the level of income per capita and the distribution of income. An economic...

Persistent link: https://www.econbiz.de/10005118764

Inequality and Growth: Does Time Change Anything

Gobbin, Niko; Rayp, Glenn - EconWPA - 2004

The econometric analysis of economic growth has always been subject to major flaws and shortcomings. Data scarcity and reliability, parameter heterogeneity, omitted variables bias, endogeneity problems, ... have seriously tainted estimation results. In this paper we propose an alternative...

Persistent link: https://www.econbiz.de/10005407640

Inequality, Growth, and Overtaking

Sugimoto, Yoshiaki - EconWPA - 2005

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 …

Persistent link: https://www.econbiz.de/10005556070

Dynamics of Income Distribution

Li, Hongyi; Xie, Danyang; Zou, Heng-fu - EconWPA - 2002

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