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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
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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 qualitative change in their combined effect is a...
Persistent link: https://www.econbiz.de/10005556070
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On the Distribution of City Sizes
Cordoba, Juan Carlos - EconWPA - 2003
The city size distribution of many countries is remarkably well approximated by a Pareto distribution. We study what constraints this regularity imposes on standard urban models. We find that under general conditions urban models must have (i) a balanced growth path and (ii) a Pareto...
Persistent link: https://www.econbiz.de/10005124889
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An Estimate of the Elasticity of Intertemporal Substitution in a Production Economy
Harashima, Taiji - EconWPA - 2005
The elasticity of intertemporal substitution (EIS) at the macro level has been estimated mostly based on endowment economy models and these estimates are very sensitive to the choice of interest rates that are used for estimation. Estimates based on production economy models do not need...
Persistent link: https://www.econbiz.de/10005126406
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Causes and consequences of the 1982 Third World Debt Crisis
Stambuli, P. Kalonga - EconWPA - 2002
paper observes that the third world’s debt crisis resulted from an exponential increase in external indebtedness … worsened the debt portfolio of third world countries by refinancing maturing loans with shorter maturities. These countries … justified by apprehension to fearful consequences for world trade and political stability [if the purchasing power of the third …
Persistent link: https://www.econbiz.de/10005125557
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What determines macroeconomic volatility? A cross-section and panel data study
Spiliopoulos, Leonidas - EconWPA - 2005
This paper examines the determinants of the volatility in growth rates, seeking to expand on a very limited literature which has focused almost exclusively on financial determinants of volatility. An analysis of 41 variables and their effects on growth volatility yields some surprising results:...
Persistent link: https://www.econbiz.de/10005126343
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A non-linear Macroeconometric Impact Model of External Debt Cancellation in Severely Indebted Low Income Country (SILIC) Economies
thesis, P. Kalonga Stambuli PhD - EconWPA - 2003
On the basis of models I developed to simulate mathematical relationships between external debt and fiscal and balance of payments variables my thesis evaluates whether debt cancellation will overcome the debt overhang and crowding out effects of external debt and allow Severely Indebted Low...
Persistent link: https://www.econbiz.de/10005408182
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Economía de la Inversión Extranjera en Colombia
Márquez-Escobar, Pablo - EconWPA - 2004
Persistent link: https://www.econbiz.de/10005556470
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El mundo global
Aguilera, David Uclés - EconWPA - 2004
El presente trabajo pretende aportar una visión amplia y sencilla sobre el fenómeno denominado globalización y sobre las consecuencias que el mismo tiene sobre las economías regionales. The present work tries to contribute to an ample and simple vision on the denominated phenomenon...
Persistent link: https://www.econbiz.de/10005556564
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Recent Trends in Border Economics
Jr, Thomas M Fullerton - EconWPA - 2004
Greater cross-border economic integration in many regions has caused the field of border economics to expand rapidly. It has also occurred as a consequence of growing recognition of the necessity to examine economic phenomena within the unique contexts imposed by geo-political market...
Persistent link: https://www.econbiz.de/10005119042