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capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The …
Persistent link: https://www.econbiz.de/10010510592
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require … used (nonlinear) parametric approaches - the economy first expands rapidly with a large decline in inequality, plateaus … when inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel …
Persistent link: https://www.econbiz.de/10010469680
end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously …. Inequality and group income are positively correlated for poor groups, but negatively correlated for rich groups. There is very … strong path dependence: inequality in early periods is strongly negatively correlated with group income in later periods …
Persistent link: https://www.econbiz.de/10010409781
Surveys, to revisit the question of whether inequality is associated with economic growth and, in particular, to examine … whether inequality of opportunity - driven by circumstances at birth - has a negative effect on subsequent growth. Results are … suggestive but not robust: while overall income inequality is generally negatively associated with growth in the household survey …
Persistent link: https://www.econbiz.de/10010364975
inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital … speaking reflecting inequality) has somewhat interesting effects along the transitional path towards balanced growth. Hereby …A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income …
Persistent link: https://www.econbiz.de/10014461501
The most basic economic theory suggests that rising incomes in developing countries will deter emigration from those … transition in every decade since 1960. It then briefly surveys 45 years of research, which has yielded six classes of theory to …
Persistent link: https://www.econbiz.de/10010423766
more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011401020
division of land led to a more equal distribution of land; other potential drivers of growth are smooth at the boundary and …
Persistent link: https://www.econbiz.de/10012288516
work with Dani Rodrik on redistributive politics and economic growth. In my opinion, this is not only one of the many path …
Persistent link: https://www.econbiz.de/10014390535
Persistent link: https://www.econbiz.de/10001869354