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then estimated using data on consumption and wage incomes. We estimate pass-through elasticities from time-series data then … compute the negative consumption effects and positive wage impacts under perfect and imperfect pass-through from world to …
Persistent link: https://www.econbiz.de/10011123798
In a careful and thorough empirical study, Christopher Udry (1996) shows convincingly that, in a large sample of West African households, household resource allocations were not Pareto efficient. This paper argues that observation of the Pareto inefficiency of a household resource allocation...
Persistent link: https://www.econbiz.de/10005406400
RFS on world food prices and their impact on household level consumption and wage incomes in India. We first develop a … the effect of the price shock on household welfare through consumption and wage incomes. Poor rural households suffer … significant welfare losses due to higher prices of consumption goods, which are regressive. However they benefit from a rise in …
Persistent link: https://www.econbiz.de/10013315870
This paper studies the hypothesis of an inverted-U-shaped relationship between spatial inequality and economic development. The theory of Kuznets (1955) and Williamson (1965) suggests that (spatial) inequality first increases in the process of development, then peaks, and then decreases. To test...
Persistent link: https://www.econbiz.de/10013315954
This paper studies the hypothesis of an inverted-U-shaped relationship between spatial inequality and economic development. The theory of Kuznets (1955) and Williamson (1965) suggests that (spatial) inequality first increases in the process of development, then peaks, and then decreases. To test...
Persistent link: https://www.econbiz.de/10009352226
Using a panel fixed effects model for a sample of 121 countries covering 1975‐2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...
Persistent link: https://www.econbiz.de/10012980576
We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our results suggest that there is no robust...
Persistent link: https://www.econbiz.de/10013028919
We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our results suggest that there is no robust...
Persistent link: https://www.econbiz.de/10011124890
This paper looks at a model in which two countries trade agricultural and manufactured commodities. The manufactured-goods sector produces with increasing returns to scale under conditions of monopolistic competition. It is shown that an increase in land endowment (or an increase in agricultural...
Persistent link: https://www.econbiz.de/10005181409
This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern – horizontal versus vertical – within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture...
Persistent link: https://www.econbiz.de/10013051267