Showing 1 - 10 of 134
In this paper we investigate the relationship between inequality and the environment in a growing economy from a … political economy perspective. We consider an endogenous growth economy, where growth generates pollution and a deterioration of … the environment. Public expenditures may either be devoted to supporting growth or abating pollution. The decision over …
Persistent link: https://www.econbiz.de/10010750774
's economy and income inequality during transition from a command to market economic system. Using data from a series of … transition, an increase in income inequality is interpreted by population as a positive signal of increased opportunities; this …, increased inequality becomes an important reason for dissatisfaction of the public with the country's economic situation and …
Persistent link: https://www.econbiz.de/10010739118
these investments, output levels and growth. In this context, inequality plays a key role both as a determinant of the …The empirical evidence on the determinants of growth across countries has found that growth is lower when natural … which these three variables can impact growth, but has tended to address them separately. In this paper we argue that …
Persistent link: https://www.econbiz.de/10008793414
between skilled labor and unskilled labor wages. The question we ask is how the growth process shapes the wage inequality and … version of the model. In this version of the model the relationship between inequality and the rate of growth is also … inequality. First, we prove the existence of equilibrium paths. Then we show that there exists a continuum of steady …
Persistent link: https://www.econbiz.de/10010899820
This paper examines the influence of political ideology on economic growth in the French democracy since 1871. It does … robustness of the relationship between ideology and growth and the specific channels through which political ideology affects … promoted equity at the expense of economic growth. It also appears that the main channel through which political ideology has …
Persistent link: https://www.econbiz.de/10010635028
We present an OLG model in which life expectancy and environmental quality dynamics are jointly determined. Agents may invest in environmental quality, depending on how much they expect to live, but also in order to leave good environmental conditions to future generations. In turn,...
Persistent link: https://www.econbiz.de/10010738466
This paper reexamines an important early contribution to the growth literature highlighted in 2000 by Cannon in the … American Economic Review: "The production function in allocation and growth: A synthesis" by Marvin Frankel in 1962. First this …
Persistent link: https://www.econbiz.de/10010821239
paper we consider the possibility that countries may follow different growth regimes, and test the hypothesis that whether … natural resources are a curse or a blessing depends on the growth regime to which economy belongs. We follow recent work that … has used a mixture of regression method to identify different growth regimes, and find two regimes such that in one regime …
Persistent link: https://www.econbiz.de/10010933874
We build an overlapping generation model to study financial fragility in a two-sector small open economy. Firms are subject to a borrowing constraint and there is a currency mismatch in the balance sheets of the non-tradable sector. As a consequence, at a given point in time, multiple equilibria...
Persistent link: https://www.econbiz.de/10010738789
give a necessary and sufficient condition for endogenous discounting to lead to the Twin-Peaks of economic growth and show …
Persistent link: https://www.econbiz.de/10008793549