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substitutes. We find that there is a skill biasin cross-country technology differences. Higher-income countries use skilled … labormore efficiently than lower-income countries, while they use unskilled labor relativelyand, possibly, absolutely less …
Persistent link: https://www.econbiz.de/10009305071
This paper introduces various sources of consumer heterogeneity in one-sector representative consumer (RC) growth models and develops tools to study the evolution of the distribution of consumptions, assets and incomes.[...]
Persistent link: https://www.econbiz.de/10009305094
Persistent link: https://www.econbiz.de/10003434179
results show that income, factor endowment, and policy independence are important to explain regional asymmetries between …
Persistent link: https://www.econbiz.de/10005870482
for its 22 major regions. The paper argues that regional income differentials were significantly larger, that intra …
Persistent link: https://www.econbiz.de/10005870545
revenues. However, specific tax rates (which at that time were the norm) implied that the state’s real income would fall in …
Persistent link: https://www.econbiz.de/10005870561
reach the levels of income enjoyed by the richest nations.[...] …
Persistent link: https://www.econbiz.de/10005870584
decade. Galor identified three forms of long run percapita income convergence: absolute convergence, whereby convergence …
Persistent link: https://www.econbiz.de/10005870759
As part of an endeavour to explain the divergence in incomes per capita between North and South America new institutional economics (NIE) and economic history have attempted in recent years to realize the potential effort for illumination derivable from comparisons of the heritage of their...
Persistent link: https://www.econbiz.de/10005870783
and overall income available to households within thedisplaced area. This information is used to produce a …
Persistent link: https://www.econbiz.de/10005870937