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We analyze the relationship between inequality and economic growth from two directions. The first part of the survey … examines the effect of inequality on growth, showing that when capital markets are imperfect, there is not necessarily a trade … impact of inequality and the positive effect of redistribution upon growth. The second part analyzes several mechanisms …
Persistent link: https://www.econbiz.de/10011166557
Economic growth is seen here as the outcome of an entrepreneur-driven process of evolution in the context of an economy … conditions of equilibrium of the different markets give rise to an attractor made up of steady states. The growth determinants … interest of this view of growth. The attractors of the United States economy for the period 1960–2000 are given special …
Persistent link: https://www.econbiz.de/10010706385
For Kaldor (1972), economic growth is the resultant of a chain-reaction between increases in supply and increases in … demand. In order to show the interest of this view, I represent this growth process by an entrepreneurial growth model based … views of the entrepreneur’s behavior. The growth process is a process of continuing disequilibrium, but in the long term …
Persistent link: https://www.econbiz.de/10010708650
markets, household consumption, economic growth and also on welfare. To explore the effects of regional integration in this … resources. We find that adhesion may cause the growth rate to fall by inducing to allocate less resources to research and … growth and leads to an increase of welfare. …
Persistent link: https://www.econbiz.de/10010861563
most recent models incorporate endogenous technological change and allow for an analysis of growth effects issues. We …
Persistent link: https://www.econbiz.de/10011071820
Macroeconomic data on 45 countries are combined with microeconomic data on 4 case-study countries to reveal signifi cant differences in the levels of education attained under the different colonial powers in Africa during the colonial period. In 1960, former British colonies exhibited higher...
Persistent link: https://www.econbiz.de/10010861483
We show, in contrast with Stiglitz, that an inegalitarian long run equi- librium can emerge in a Solow growth model …
Persistent link: https://www.econbiz.de/10010706382
The aim of this paper is to show that inequalities of wealth can be necessary conditions to explain the apparition and rise of a capitalistic system. We try to highlight Marx's insights on primitive accumulation. Our dynamic framework is consistent with Roemer's idea of endogenous class...
Persistent link: https://www.econbiz.de/10010707668
, growth and welfare. Health spending triggers technological progress, which is a potential source of better outcomes in terms … of longevity and quality of life, a direct source of growth for the bio-tech industries and an indirect source of growth … the population in the labour force and higher labour productivity levels. In turn, income growth induces an increase in …
Persistent link: https://www.econbiz.de/10010708796
Persistent link: https://www.econbiz.de/10010709023