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Persistent link: https://www.econbiz.de/10014559126
between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U … relationship between growth and inequality can take the form of a wave. Secondly, we examine the issue of the existence of …
Persistent link: https://www.econbiz.de/10010531112
convinced that higher growth would reduce income poverty to an acceptable margin, there appears to be little concrete policy … possibly rising inequality would ensure that a great many would fall through the cracks, and not benefit from high growth, even …This paper focuses on the role of institutions in poverty alleviation, where both poverty and institutions are …
Persistent link: https://www.econbiz.de/10011400868
Persistent link: https://www.econbiz.de/10009688931
current level of utility is lower than this value, there is room for growth of both the utility level and the maximin value …. For any resource allocation mechanism (ram) and economic dynamics, growth is limited by the long-run level of the maximin … growth to stop, and the adoption of maximin decisions instead of the current ram. We illustrate this pattern in two canonical …
Persistent link: https://www.econbiz.de/10012104003
We analyze the adoption of green technology in a dynamic economy affected by random shocks where demand spillovers are the main driver of technological improvements. Firms' beliefs and consumers' anticipations drive the path of the economy. We derive the optimal policy of investment subsidy and...
Persistent link: https://www.econbiz.de/10011657885
This paper explores a new theoretical and empirical approach to the assessment of human wellbeing, relevant to current challenges of social fragmentation in the presence of globalization and technological advance. We present two indexes of well-being - solidarity (S) and agency (A) - to be...
Persistent link: https://www.econbiz.de/10012171696
Persistent link: https://www.econbiz.de/10011563975
crucial to ensure more equity and social stability. -- growth ; inequality ; poverty ; East Asia and the Middle East … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income …, inequality and growth bear a non-linear relationship: for low values of inequality, economic growth rate is an inverted U …
Persistent link: https://www.econbiz.de/10009630652
Persistent link: https://www.econbiz.de/10012939757