We study the relation between the off-shoring of intermediates and services and productivity growth in the Italian … off-shoring") is beneficial for productivity growth, while the off-shoring of services is not. We also find that the way … productivity growth is there with our direct measures based on input-output data but disappears when either a broad measure or the …

We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …

This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …

inequality are gradual and cumulative. In case of a complete liberalization, the world average level of GDP per worker increases … by 20 percent in the short-run, and by more than 55 percent after 50 years. The world average index of inequality … identifying assumptions. We also analyze partial liberalization shocks: efficiency and inequality effects are roughly proportional …

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 Database are seen to be correlated with economic diversification, the rule … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …

When measuring income inequality over long periods of time, accounting for population and productivity growth is … income growth than the standard measure. We apply these measures to long-term income data from the United States and find … that the U-shaped inequality trend over the past century holds up, but with important qualifications. Using measures that …

We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows … higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with …

theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to … be observationally equivalent to the Solow (1956) model of steady state growth. It can easily and effectively reflect on … critical contemporary issues without the ammunitions of a more complex neo-classical system. Trade pampers inequality all …