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The paper examines empirically the question of whether more unequal societies spend more on income redistribution than their more egalitarian counterparts. Theoretical arguments on this issue are inconclusive. The political economy literature suggests that redistributive spending is higher in...
Persistent link: https://www.econbiz.de/10014400085
that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …
Persistent link: https://www.econbiz.de/10014403602
This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...
Persistent link: https://www.econbiz.de/10014396181
Persistent link: https://www.econbiz.de/10000058326
Persistent link: https://www.econbiz.de/10014400610
Developing and transition economies are prone to financial crises, including balance of payments and banking crises. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity, relative price changes, and fiscal retrenchment, among...
Persistent link: https://www.econbiz.de/10014401806
This paper examines developments in Albania’s income distribution and poverty during the transition to a market-oriented economy. It pays particular attention to the impact of price liberalization on the agricultural terms of trade and production, the decline in state enterprise employment,...
Persistent link: https://www.econbiz.de/10014397176
, inflation, and government spending worsen income distribution, while productivity gains, the real interest rate, and the real …
Persistent link: https://www.econbiz.de/10014396488
The resumption of economic growth in Latin America is predicated on the successful restoration of fiscal discipline and stabilization. In restoring fiscal discipline, the mix of policy instruments should aim at maximizing efficiency in the use of domestic and foreign resources. Poverty...
Persistent link: https://www.econbiz.de/10014396021
Over the past decade, global output has grown by more than 3 percent a year and inflation has slowed in most regions. The fruits of this growthhave not been shared equally, however, and income disparities have grownin many countries, developed as well as developing. One of the mostpressing...
Persistent link: https://www.econbiz.de/10014409385