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This paper investigates the relationship between growth and inequality from a demographic point of view. In an extended … rate on the equilibrium growth rate as well as on the income distribution. We show that the relationship between growth and … inequality is at first positive and then may be negative in the process of population aging. The results are consistent with the …
Persistent link: https://www.econbiz.de/10010928630
) but have moderate effects on the growth of subsequent years. Regional (per-capita) inequality is also evaluated using … discontinuity of per-capita GDP growth partitions Austria's regions into two groups. Clear evidence of discontinuity (a “take … Austria, Bohemia, Silesia, Galicia, Bukovina, and Dalmatia there is instead no evidence of structural break in their growth …
Persistent link: https://www.econbiz.de/10011125886
domestic fluctuations in total factor productivity relative to what would have happened in a closed economy, shorten the …
Persistent link: https://www.econbiz.de/10010744954
We analyze empirically the coalition formation of local governments using a novel reduced form econometric procedure that allows for multi-partner mergers. Using Finnish municipal merger data where mergers were decided independently at the local level, we find that merger decisions are largely...
Persistent link: https://www.econbiz.de/10011126128
This paper presents a new model of political parties. I assume that the role of parties is to increase the commitment ability of politicians vis-à-vis the voters. Whereas a politician running alone can only offer his ideal policy, the set of policies that a party can commit to is the Pareto set...
Persistent link: https://www.econbiz.de/10011071543
, education, and skills for consumption (rather than production) - can importantly affect patterns of economic growth and …
Persistent link: https://www.econbiz.de/10010884693
converges towards egalitarian growth. Equality is stable but spatial inequality is needed to attain it. …This paper develops a model of economic growth and activity locating endogenously on a 3- dimensional featureless … global geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and …
Persistent link: https://www.econbiz.de/10010884745
personal characteristics, country and year fixed effects, more freedom and economic growth both reduce revolutionary support …. To reduce support by the same amount requires adding 14 percentage points on to the GDP growth rate. Being Muslim in a …
Persistent link: https://www.econbiz.de/10010928706
This paper investigates the economic impact of the government's proposed new UK R&D tax credit. We measure the benefit of the credit by the effect on value added in the short and long_run. This is simulated from existing econometric estimates of the tax_price elasticity of R&D and the effect of...
Persistent link: https://www.econbiz.de/10010928789
fraction of total income spent by local government or on income inequality. …
Persistent link: https://www.econbiz.de/10010744966