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This paper offers an overview of Alberto Alesina's life and of his scholarly work (§ 1 and 2). It will be argued, that Alberto would have entirely deserved the award of the Nobel Prize for Economic Science, except only for his premature passing away. His foundational contribution was the...
Persistent link: https://www.econbiz.de/10014390535
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548
The most basic economic theory suggests that rising incomes in developing countries will deter emigration from those countries, an idea that captivates policymakers in international aid and trade diplomacy. A lengthy literature and recent data suggest something quite different: that over the...
Persistent link: https://www.econbiz.de/10010423766
The literature on poverty convergence is sparse and much of the empirical evidence relies on Ravallion (2012) who found … a lack of poverty convergence across some ninety Less Developed Countries (LDCs) during 1977-2007. This paper revisits … cross-country poverty convergence using data from the same sources but an extended period, i.e. 1977-2014. We find that …
Persistent link: https://www.econbiz.de/10011810342
Empirical evidence in the sparse literature on poverty convergence currently relies on cross-sectional analysis, where … Less Developed Countries (LDCs) starting out poorer are found to have enjoyed no faster subsequent poverty reduction during … the past three decades than those starting out richer, as initial poverty retards growth and makes it less effective in …
Persistent link: https://www.econbiz.de/10011814625
Vietnam is widely regarded as a success story for its impressive economic growth and poverty reduction in the last few …. Furthermore, this inequality gap is rising over time. Despite the country's fast poverty reduction, the poor were increasingly … segregated in certain provinces. We find beneficial impact of economic growth on poverty reduction, but this can depend on …
Persistent link: https://www.econbiz.de/10013540743
Ghana has managed to consistently keep its poverty rate lower than the regional average over the past 25 years, but … this positive trend slowed down recently. We investigate the dynamics of overall, moderate, and extreme poverty in Ghana …-sectional data. While we find considerable conditional chronic (extreme) poverty rates hovering around 50-60 percent, there is more …
Persistent link: https://www.econbiz.de/10014462179
poverty has been a subject of controversy. This paper brings into focus recent evidence on the pace of poverty reduction in … suggest that there is credible evidence for poverty to have declined significantly since the 1990s but at a lesser speed than … growth in per capita GDP. More importantly, global poverty tends to respond much more strongly to shifts in sector of …
Persistent link: https://www.econbiz.de/10010463409
and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …, while politically unconnected wealth inequality, income inequality, and initial poverty have no significant effect. …
Persistent link: https://www.econbiz.de/10010211159
A model linking macroeconomic phenomena and income distribution in balanced growth equilibria is developed as a variant to the Kaldor model of factor shares. It departs from the original Kaldor model in assuming equal savings rates and production determined by a matching process between workers...
Persistent link: https://www.econbiz.de/10011403982