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Countries with more developed financial sectors experience less fluctuations in real per capita output, consumption and investment growth. However, the manner in which the financial sector develops matters. The relative importance of banks in the financial system is important in explaining...
Persistent link: https://www.econbiz.de/10005561355
Theoretical study identifying one modality with conditions necesary for the financial stabilization of an inherently unstable system; and 5040 other unstable dynamic modes. It draws on knowledge made available by the academic field of Control Engineering.
Persistent link: https://www.econbiz.de/10005125628
We use CEX repeated cross-section data on consumption and income, to evaluate the nature of increased income inequality in the 1980s and 90s. We decompose unexpected changes in family income into transitory and permanent, and idiosyncratic and aggregate components, and estimate the contribution...
Persistent link: https://www.econbiz.de/10005126150
main loser in the structural changes that affect the position of Europe in the 21st Century. The world system approach … world economy are dramatically shifting towards the Asia- Pacific region, and that the days of “Eurocentrism” are … outnumbered. Foreign savings become an important indicator of the center-periphery structure of the world system and its changing …
Persistent link: https://www.econbiz.de/10005556011
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
LISTE EINIGER WICHTIGER ABKÜRZUNGEN 4 ZUM GELEIT 6 EINFÜHRUNG UND PROBLEMAUFRISS - INTERNATIONALE SOZIALPOLITIK BEDEUTET FÖRDERUNG DER KONVERGENZ DER LEBENSBEDINGUNGEN 7 TEIL A: SOZIALRECHT UND SOZIALPOLITIK DER EU 14 1) ENTWICKLUNGSLINIEN UND GRUNDPRINZIPIEN DER EUROPÄISCHEN SOZIALPOLITIK...
Persistent link: https://www.econbiz.de/10005556821
the world system in the 1980s, 1990s, and beyond. This article tries to close this gap by using latest (United Nations and … feminism that substituted patriarchic structures inherent in practically all world regions for much of the 19th and the early …
Persistent link: https://www.econbiz.de/10005125619
This paper investigates several factors that may be important for improving Mâori outcomes, and the extent to which their importance varies by iwi. Specifically, it examines the extent to which controlling for differences in characteristics of the European population and the populations of...
Persistent link: https://www.econbiz.de/10005125712
We study the evolution of the distribution of assets in a discrete time, de-terministic growth model with log-utility, a minimum consumption require-ment, Cobb-Douglas technology, and agents differing in initial assets. We prove that the coefficient of variation in assets across agents decreases...
Persistent link: https://www.econbiz.de/10005126365
It has been noted that failure to meet the target set by government for reducing the head count ratio of child poverty in Britain is partly due to the success of government policy in generating economic growth. Apart from missing the argument that absolute poverty is not a meaningful idea, this...
Persistent link: https://www.econbiz.de/10005134612