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An Open-Economy Ramsey-Cass-Koopmans Model in Reduced Form

Spiro, Daniel - 2021

-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK … country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …

Persistent link: https://www.econbiz.de/10012657999

Engineering Crises: Favoritism and Strategic Fiscal Indiscipline

Saint-Paul, Gilles; Ticchi, Davide; Vindigni, Andrea - 2017

If people understand that some macroeconomic policies are unsustainable, why would they vote for them in the first place? We develop a political economy theory of the endogenous emergence of fiscal crises, based on the idea that the adjustment mechanism to a crisis favors some social groups,...

Persistent link: https://www.econbiz.de/10011744963

Public Investment when Capital is Back - Distributional Effects of Heterogeneous Saving Behavior

Mattauch, Linus; Edenhofer, Ottmar; Klenert, David; … - 2014

We study the impact of heterogeneous saving behavior on the distributional effects of public investment. A capital tax is levied to finance productive public capital in an economy with two types of households: high income households who save dynastically and middle income households who save for...

Persistent link: https://www.econbiz.de/10010352436

The Impact of the Spatial Population Distribution on Economic Growth : Evidence from the United States

Bürgi, Constantin; Gorgulu, Nisan - 2022

We look at a part of the spatial angle of economic growth. We introduce a new measure Spatial Population Concentration (SPC) that captures the weighted average population surrounding every person within a geographic area. The weights are a function of the distance between the person in question...

Persistent link: https://www.econbiz.de/10014243162

The Dynamics of Finance-Growth-Inequality Nexus: Theory and Evidence for India

Das, Pranab Kumar; Ganguli, Bhaswati; Marjit, Sugata; … - 2018

The purpose of this research study has been to expand our understanding of the finance-growth ‘nexus’ to finance-growth-inequality ‘nexus’ in the presence of both the formal and the informal sources of borrowing. Using empirical evidence of IHDS Survey data for two rounds the study...

Persistent link: https://www.econbiz.de/10012018120

Alternative Measures of Price Inflation and the Perception of Real Income in Germany

Israel, Karl-Friedrich; Schnabl, Gunther - 2020

Since the 1980s inflationary pressures seem to materialize overproportionately outside of the sectors of consumer goods and services. We combine the Harmonized Index of Consumer Prices with indices for asset prices, such as stocks and real estate, as well as the costs of public goods to develop...

Persistent link: https://www.econbiz.de/10012314870

Is there a Nonlinear Relationship between Economic Growth and Inequality? Theory and Lessons from ASEAN, People Republic of China and India

Gangopadhyay, Partha; Bhattacharyay, Biswa Nath - 2015

In view of rising inequality in fast growing Asian developing countries, it is important to study the relationship between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can bear a complex and non-linear relationship if policy...

Persistent link: https://www.econbiz.de/10010531854

Can there be a wave-like association between economic growth and inequality? Theory and lessons for East Asia from the Middle East

Gangopadhyay, Partha; Bhattacharyay, Biswa N. - 2012

High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income inequality and widening gaps between rich and poor, and urban and rural. It is therefore it is important to examine the interrelationships between inequality and economic growth. This...

Persistent link: https://www.econbiz.de/10010288473

The Out of Africa Hypothesis of Comparative Economic Development : Common Misconceptions

Ashraf, Quamrul H. - 2019

The importance of the prehistoric migration of anatomically modern humans from Africa for comparative economic development has been the focus of a vibrant research agenda in the past decade. This influential literature has attracted the attention of some scholars from other disciplines, and in...

Persistent link: https://www.econbiz.de/10012892135

Labour Markets, Trade and Technological Progress : A Meta-Study

Terzidis, Nikos - 2019

Technological progress and trade potentially affect wages and employment. Technological progress can make jobs obsolete and trade can increase unemployment in import competing sectors. Empirical evidence suggests that both causes are important to explain recent labour market developments in many...

Persistent link: https://www.econbiz.de/10012866562