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This paper examines whether growth regressions should incorporate dualism and structural change. If there is a differential across sectors in the marginal product of labour, changes in the structure of employment can raise aggregate total factor productivity. The paper develops empirical growth...
Persistent link: https://www.econbiz.de/10011451098
determined by the industrial development triggered by changes in domestic demand, increases in FDI, intensive innovation efforts … examines the applicability of the development stage theory for explaining the growth dynamics of industrial production in Asian …
Persistent link: https://www.econbiz.de/10011409015
In many OECD countries income inequality has risen, but surprisingly redistribution as well. The theory attributes this … partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined …
Persistent link: https://www.econbiz.de/10011409838
protection, corruption, and income inequality. The cross-sectional data show, moreover, that the share of the primary sector in …
Persistent link: https://www.econbiz.de/10011397924
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...
Persistent link: https://www.econbiz.de/10003806721
Economic development in Latin America has trailed most other world regions over the past four decades despite its … relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning …
Persistent link: https://www.econbiz.de/10003850158
the U.S. We review insights from the recent macroeconomic literature on inequality and growth and use these insights to … shed light on the growth and inequality trends …
Persistent link: https://www.econbiz.de/10011509368
growth and changes in global income inequality and poverty. The authors find that rapid growth in China (despite a downward … inequality, was dominant through both the 1980s and 1990s. Only India s influence remained substantial by comparison. Other … inequality. The impact of these twocountries is similarly critical with respect to global poverty reduction. …
Persistent link: https://www.econbiz.de/10011514125
possibly rising inequality would ensure that a great many would fall through the cracks, and not benefit from high growth, even …
Persistent link: https://www.econbiz.de/10011400868
This paper focuses on the role of institutions in the fight against poverty and inequality. Our view of institutions … to the concepts of poverty, inequality and institutions are expounded on a priori reasoning, empirical analysis with LAC …
Persistent link: https://www.econbiz.de/10011514135