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-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the … social infrastructure, the degree of openness, the investment rate, population growth, the level of human capital, or growth … policies such as subsidies to innovation investments explain a country's position in the eventual world income distribution …
Persistent link: https://www.econbiz.de/10012754962
'consumption' vs. 'investment' good. We use as a natural experiment the Italian pension reforms of the 90s that introduced a clear …
Persistent link: https://www.econbiz.de/10013316377
This paper provides a new data set of regional income inequalities within countries based on satellite nighttime light data. We first empirically study the relationship between luminosity data and regional incomes for those countries where regional income data are available. We subsequently use...
Persistent link: https://www.econbiz.de/10013023191
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the …
Persistent link: https://www.econbiz.de/10013001168
In recent years, differences between traditional and green parties have been leveled with respect to climate protection. We show that this partial convergence in party platforms can be explained by international climate agreements, effectively reducing greenhouse gas emissions. We set up a...
Persistent link: https://www.econbiz.de/10013315969
the political turmoil in the Arab world, with the so-called Arab Spring …
Persistent link: https://www.econbiz.de/10013030326
Between 1950 and 2017, world average life expectancy increased from below-50 to above-70, while the fertility rate …
Persistent link: https://www.econbiz.de/10012947882
This paper analyzes the impact of fiscal competition through infrastructure in a New Economic Geography framework. It is shown that regional competition leads to convergence if the trade costs are high but induces divergence if trade cost have fallen below a certain value. Moreover, fiscal...
Persistent link: https://www.econbiz.de/10012776022
The aim of this paper is to examine the impact of inequalities and economic convergence on the efficient discount rate, in the absence of any risk-sharing scheme. We consider an economy in which the initial consumption level and the distribution of consumption growth are heterogeneous. The...
Persistent link: https://www.econbiz.de/10013094078
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10013094566