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Inequality and Growth : A Heterogeneous Approach
Grigoli, Francesco - 2017
The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a...
Persistent link: https://www.econbiz.de/10012962147
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Potential Growth in Colombia
Lanau, Sergi - 2017
detail the impact of low oil prices on investment. The framework alsocaptures the impact of current and planned policies on … investment, partly offsetting the sharpdecline in oil investment. Improvements in productivity are essential to lift potential …
Persistent link: https://www.econbiz.de/10012942332
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The Volatility Trap : Precautionary Saving, Investment, and Aggregate Risk
Cherif, Reda - 2012
We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store … investment, or a "volatility trap." Namely, big savers invest relatively little. In contrast, low volatility of permanent shocks … leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks. Empirical …
Persistent link: https://www.econbiz.de/10013102269
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Inequality Overhang
Grigoli, Francesco - 2017
The linearity of the relationship between income inequality and economic development has been long questioned. While theory provides arguments for which the shape of relationship may be positive for low levels of inequality and negative for high ones, most of the empirical literature assumes a...
Persistent link: https://www.econbiz.de/10012956480
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A New Look at the Determinants of Growth in Asian Countries
Ghazanchyan, Manuk - 2015
This study examines the drivers of growth in Asian countries, with focus on the role of investment, the exchange rate … evidence is found that reduced financial risk and higher foreign direct investment support growth. The exchange rate regime …
Persistent link: https://www.econbiz.de/10013013822
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Public Debt and Productivity : The Difficult Quest for Growth in Jamaica
Blavy, Rodolphe - 2007
The paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis … excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded …
Persistent link: https://www.econbiz.de/10012778208
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Commodity Price Volatility and the Sources of Growth
Cavalcanti, Tiago - 2012
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...
Persistent link: https://www.econbiz.de/10013111408
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Does Child Marriage Matter for Growth?
Mitra, Pritha - 2020
Global attention to ending child marriage and its socio-economic consequences is gaining momentum. Ending child marriage is not only critical from a development perspective but it also has important economic implications. This paper is the first to quantify the relationship between child...
Persistent link: https://www.econbiz.de/10012840221
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Growth at Risk : Concept and Application in IMF Country Surveillance
Prasad, A. - 2019
The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its main strength is its ability to assess the entire distribution of future GDP growth (in contrast to point forecasts), quantify macrofinancial risks in terms of growth, and monitor...
Persistent link: https://www.econbiz.de/10012889156
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Fiscal Consolidations and Growth : Does Speed Matter?
Pennings, Steven - 2013
Should fiscal consolidations be front-loaded or proceed at a more steady pace, and how does this affect growth? We make an attempt to address this question using a three-step methodology. First, we modify a standard regression of growth on consolidation size to allow speed to affect the...
Persistent link: https://www.econbiz.de/10013071926