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Cross-Country Income Differences and Technology Diffusion in a Competitive World
Irmen, Andreas - 2012
This paper develops a new open-economy endogenous growth model where technology diffusion allows for a stable and non-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the social infrastructure, the degree of openness,...
Persistent link: https://www.econbiz.de/10012754962
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Structural Reforms, Growth and Inequality : An Overview of Theory, Measurement and Evidence
Campos, Nauro F. - 2018
This paper provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple theoretical framework for the relationship between structural...
Persistent link: https://www.econbiz.de/10012927189
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Pro-Rich Inflation in Europe : Implications for the Measurement of Inequality
Gürer, Eren - 2018
This paper studies the distributional consequences of a systematic variation in expenditure shares and prices. Using European Union Household Budget Surveys and Harmonized Index of Consumer Prices data, we construct household-specific price indices and reveal the existence of a pro-rich...
Persistent link: https://www.econbiz.de/10012914674
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Inequity Aversion, Welfare Measurement and the Gini Index
Schmidt, Ulrich - 2018
Over the last decades, research in behavioural economics has demonstrated that individual welfare (utility), as relevant for economic decision making, depends not only on absolut but also on distributional aspects. Moreover, evidence is gathering that something similar holds for aggregate...
Persistent link: https://www.econbiz.de/10012916152
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The Weight of Inequality : Variation with Industrialization and Wealth
Carson, Scott A. - 2015
When other economic measurements are scarce or unreliable, height and the body mass index (BMI) are now well accepted measures for cumulative and current net nutrition. However, as the ratio of weight to height, BMI is the ratio of current to cumulative net nutrition, therefore, does not fully...
Persistent link: https://www.econbiz.de/10013009843
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Self-Selection of Emigrants : Theory and Evidence on Stochastic Dominance in Observable and Unobservable Characteristics
Borjas, George J. - 2015
We show that the Roy model has more precise predictions about the self‐selection of migrants than previously realized. The same conditions that have been shown to result in positive or negative selection in terms of expected earnings also imply a stochastic dominance relationship between the...
Persistent link: https://www.econbiz.de/10013011720
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The Consequences of the Value-Added Tax on Inequality
Alavuotunki, Kaisa - 2017
This paper examines the impact of the introduction of the value-added tax on inequality and government revenues using newly released macro data. We present both conventional county fixed effect regressions and instrumental variable analyses, where VAT adoption is instrumented using the previous...
Persistent link: https://www.econbiz.de/10012962122
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Inequality, Structure of Production and International Trade – The Role of Credit Market Imperfection
Beladi, Hamid - 2017
Credit rationing in the presence of asset inequality affects production and trade pattern in this paper, but not in the conventional way. A Ricardian general equilibrium framework with heterogeneous levels of asset ownership is developed to show that more equal asset distribution may contract...
Persistent link: https://www.econbiz.de/10012962668
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A Lipsetian Theory of Democratization : Development, Education, Inequality, and Resources
Boucekkine, Raouf - 2017
The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that …-market aspirations - and forces the elite to expand redistribution. Along the lines of this trade-off, our theory provides a Lipsetian …
Persistent link: https://www.econbiz.de/10012963389
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Factor Income Distribution and Endogenous Economic Growth - When Piketty Meets Romer
Irmen, Andreas - 2017
We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …
Persistent link: https://www.econbiz.de/10012965706