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A new Ricardian model of trade, growth and inequality
Marjit, Sugata - 2020
The classical Wage Fund (Capital or Credit) framework is integrated with the simplest text-book version of the Ricardian model of comparative advantage, generating a model that replicates important features of the neo-classical production theory involving capital and labour without neo-classical...
Persistent link: https://www.econbiz.de/10012312232
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Trade openness and income inequality : new empirical evidence
Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021
We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...
Persistent link: https://www.econbiz.de/10012599018
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Capital-labor substitution, structural change and growth
Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - 2016 - This Draft: May 25, 2016
There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand across...
Persistent link: https://www.econbiz.de/10011482690
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The great divergence : a network approach
Lindner, Ines; Strulik, Holger - 2015
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 … individual countries in the course of world development. …
Persistent link: https://www.econbiz.de/10011397182
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Growth and the ageing Joneses
Fisher, Walter H. (contributor); Heijdra, Ben J. (contributor) - 2008
We incorporate Keeping-up-with-the-Joneses (KUJ) preferences into the Blanchard-Yaari (BY) framework and develop, using an AK technology, a model of balanced growth. In this context we investigate status preference, demographic, and pension policy shocks. We find that a higher degree of KUJ...
Persistent link: https://www.econbiz.de/10003790968
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Fiscal competition in space and time : an endogenous-growth approach
Becker, Daniel Thomas (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003499558
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Cross-country income differences and technology diffusion in a competitive world
Irmen, Andreas - 2008
-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the … policies such as subsidies to innovation investments explain a country's position in the eventual world income distribution …
Persistent link: https://www.econbiz.de/10003805991
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Financial development and inequality in the global economy
Ehrlich, Maximilian von; Seidel, Tobias - 2016
We build a heterogeneous-firms model with firm-specific wages and credit frictions to study the role of financial development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage inequality and unemployment. In contrast, if there are...
Persistent link: https://www.econbiz.de/10011434439
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Inequality, structure of production and international trade : the role of credit market imperfection
Beladi, Hamid; Marjit, Sugata; Misra, Suryaprakash - 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/10011597233
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Transportation costs and the great divergence
Azarnert, Leonid V. - 2014
This work shows the asymmetric effect of the reduction in transportation costs across different sectors in the process of the Great Divergence. Specifically, the analysis indicates that reductions in transportation costs of industrial goods enhance convergence of the growth rates of trading...
Persistent link: https://www.econbiz.de/10010347039