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technological non convexity exists. It follows that certain households are poverty trapped, that the initial distribution of wealth …
Persistent link: https://www.econbiz.de/10011453277
This paper proposes a score-driven model for filtering time-varying causal parameters through the use of instrumental variables. In the presence of suitable instruments, we show that we can uncover dynamic causal relations between variables, even in the presence of regressor endogeneity which...
Persistent link: https://www.econbiz.de/10014496538
We revisit Wintenberger (2013) on the continuous invertibility of the EGARCH(1,1) model. We note that the definition of continuous invertibility adopted in Wintenberger (2013) may not always be sufficient to deliver strong consistency of the QMLE. We also take the opportunity to provide other...
Persistent link: https://www.econbiz.de/10011401308
In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and … part of the literature that considers inequality detrimental to growth, more recent studies have challenged this result and … found a positive effect of inequality on growth. This paper contributes to the debate by using meta-analytical techniques to …
Persistent link: https://www.econbiz.de/10011349190
-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level …
Persistent link: https://www.econbiz.de/10011325967
aim to reflect local perceptions of poverty. This paper demonstrates how such a measure can be constructed, using data … from a field experiment on poverty targeting in Indonesia. It then explores the potential impact of using this welfare … used as a meaningful basis for targeting and poverty measurement. …
Persistent link: https://www.econbiz.de/10012404170
Time varying patterns in US growth are analyzed using various univariate model structures, starting from a naive model … conditional variance are specified together with their interaction, including survey data on expected growth in order to … forecasting performance of the various model specifications. The extension of a basic growth model with a constant mean to models …
Persistent link: https://www.econbiz.de/10010399680
This paper puts forward a method to estimate average economic growth, andits associated confidence bounds, which does …
Persistent link: https://www.econbiz.de/10011325976
Meritocratic fairness justifies inequality when it stems from performance. Yet performance is influenced by one … generating performance inequality. In an incentivized online experiment, impartial spectators can redistribute the earnings that … generating performance inequality. …
Persistent link: https://www.econbiz.de/10014496483
-level preferences for inequality aversion, average vs total welfare maximisation, and minimum 'critical level' thresholds. By combining … (n=115, obs.=5,060), we find that 98.7% of respondents are inequality averse, prioritising the worst-off at the expense …
Persistent link: https://www.econbiz.de/10015133675