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Government Spending and Tax Revenue Decentralization and Public Sector Efficiency : Do Natural Disasters Matter?

Afonso, António; Jalles, João Tovar; Venâncio, Ana - 2023

empirically link the public sector efficiency scores, to tax revenue and spending decentralization. First, we compute government … estimate the effect of decentralization on public sector efficiency and how extreme natural disasters mediate this relationship …. The sample covers 36 OECD countries between 2006 and 2019. Our results show that tax revenue decentralization decreases …

Persistent link: https://www.econbiz.de/10014356487

Do Middle Classes Bring Institutional Reforms?

Loayza, Norman - 2017

The paper examines the link between poverty, the middle class and institutional outcomes using a new cross-country panel dataset on the distribution of income and expenditure. It uses an econometric methodology to gauge whether a larger middle class has a causal effect on policy and...

Persistent link: https://www.econbiz.de/10012975330

Inequality Undermines Democracy and Growth

Gylfason, Thorvaldur - 2019

Income equality and trust seem to go along with several other ingredients of social capital as determinants of economic growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank and by The Standardized World Income Inequality...

Persistent link: https://www.econbiz.de/10012892099

Nonrenewable Resources, Income Inequality and Per Capita GDP : An Empirical Analysis

Scognamillo, Antonio - 2017

This analysis examines the relationship between nonrenewable resource dependence, economic growth and income inequality. It uses a two-equation system in which the Gini index and GDP per capita are the dependent variables and the stock of nonrenewable resources as a share of national wealth --...

Persistent link: https://www.econbiz.de/10012967897

Weak Instruments in Growth Regressions : Implications for Recent Cross-Country Evidence on Inequality and Growth

Kraay, Aart - 2017

This paper revisits four recent cross-country empirical studies on the effects of inequality on growth. All four studies report strongly significant negative effects, using the popular system generalized method of moments estimator that is frequently used in cross-country growth empirics. This...

Persistent link: https://www.econbiz.de/10012970632

Effects of Income Inequality on Aggregate Output

Brueckner, Markus - 2017

This paper estimates the effect of income inequality on real gross domestic product per capita using a panel of 104 countries during the period 1970?2010. The empirical analysis addresses endogeneity issues by using instrumental variables estimation and controlling for country and time fixed...

Persistent link: https://www.econbiz.de/10012971546

Infrastructure, Growth, and Inequality : An Overview

Calderón, César - 2017

Academics and policy makers have long considered an adequate supply of infrastructure services to be essential for economic development. This paper reviews recent theoretical and empirical literature on the effects of infrastructure development on growth and income distribution. The theoretical...

Persistent link: https://www.econbiz.de/10012972738

Accelerating Poverty Reduction in a Less Poor World : The Roles of Growth and Inequality

Olinto, Pedro - 2017

This paper re-examines the roles of changes in income and inequality in poverty reduction. The study provides estimates of the relative effects of inequality reduction versus growth promotion in reducing poverty for countries with different levels of initial poverty. The analysis uses country...

Persistent link: https://www.econbiz.de/10012973261

Growth, Inequality, and Social Welfare : Cross-Country Evidence

Dollar, David - 2017

Social welfare functions that assign weights to individuals based on their income levels can be used to document the relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and developing countries over the past 40 years, most of the...

Persistent link: https://www.econbiz.de/10012973293

Shared Prosperity : Links to Growth, Inequality and Inequality of Opportunity

Narayan, Ambar - 2017

Focusing on the welfare of the less well off as a measure of real societal progress is the fundamental principle underlying the WBG indicator of "shared prosperity" , namely income growth of the bottom 40 percent in every country. This paper uses a database assembled by the World Bank Group to...

Persistent link: https://www.econbiz.de/10012973893

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