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Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron; Robinson, James A.; Verdier, Thierry - 2012

"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others … will free- ride on the cutthroat incentives of the leaders and choose a more "cuddly" form of capitalism. Paradoxically … equilibrium, it is not a best response for the cutthroat capitalists to switch to a more cuddly form of capitalism. We also show …

Persistent link: https://www.econbiz.de/10012460215

The Demise of U.S. Economic Growth : Restatement, Rebuttal, and Reflections

Gordon, Robert J. - 2014

The United States achieved a 2.0 percent average annual growth rate of real GDP per capita between 1891 and 2007. This paper predicts that growth in the 25 to 40 years after 2007 will be much slower, particularly for the great majority of the population. Future growth will be 1.3 percent per...

Persistent link: https://www.econbiz.de/10012458768

The Optimal Inflation Target and the Natural Rate of Interest

Andrade, Philippe - 2018

We study how changes in the value of the steady-state real interest rate affect the optimal inflation target, both in the U.S. and the euro area, using an estimated New Keynesian DSGE model that incorporates the zero (or effective) lower bound on the nominal interest rate. We find that this...

Persistent link: https://www.econbiz.de/10012453386

From Growth to Green Growth - a Framework

Hallegatte, Stéphane - 2012

Green growth is about making growth resource-efficient, cleaner and more resilient without slowing it. This paper aims at clarifying this in an analytical framework and proposing foundations for green growth. This framework identifies channels through which green policies can potentially...

Persistent link: https://www.econbiz.de/10012460817

Nachhaltige Bewirtschaftung natürlicher Ressourcen : Erfolgsfaktoren in komplexen sozial-ökologischen Systemen

Frey, Ulrich - 2018 - [1. Auflage]

Persistent link: https://www.econbiz.de/10011821757

Democratic Capital : The Nexus of Political and Economic Change

Persson, Torsten - 2006

We study the joint dynamics of economic and political change. Predictions of the simple model that we formulate in the paper get considerable support in a panel of data on political regimes and GDP per capita for about 150 countries over 150 years. Democratic capital -- measured by a nation's...

Persistent link: https://www.econbiz.de/10012466494

Inequality, Growth, and Investment

Barro, Robert J. - 1999

Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in richer places. The Kuznets curve-whereby inequality first...

Persistent link: https://www.econbiz.de/10012471762

Height and Per Capita Income

Steckel, Richard H. - 1982

As an aid to interpreting the results of height-by-age studies this paper investigates the relationship between average height and per capita income. The relationships among income, nutrition, medical care, and height at the individual level suggest that average height is nonlinearly related to...

Persistent link: https://www.econbiz.de/10012478231

Income Growth and the Distributional Effects of Urban Spatial Sorting

Couture, Victor - 2019

We explore the impact of rising incomes at the top of the distribution on spatial sorting patterns within large U.S. cities. We develop and quantify a spatial model of a city with heterogeneous agents and non-homothetic preferences for neighborhoods with endogenous amenity quality. As the rich...

Persistent link: https://www.econbiz.de/10012480088

Post-1500 Population Flows and the Long Run Determinants of Economic Growth and Inequality

Putterman, Louis - 2008

We construct a matrix showing the share of the year 2000 population in every country that is descended from people in different source countries in the year 1500. Using this matrix, we analyze how post-1500 migration has influenced the level of GDP per capita and within-country income inequality...

Persistent link: https://www.econbiz.de/10012464199

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