Showing 1 - 10 of 348
Persistent link: https://www.econbiz.de/10011282716
We revisit Lipset?s law, which posits a positive and significant relationship between income and democracy. Using … dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …
Persistent link: https://www.econbiz.de/10009679679
An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold of around 12 3/4 percent, real GDP per capita increases sharply and in a sustained manner over the following decade. In this paper, we attempt via four case studies-Spain, China,...
Persistent link: https://www.econbiz.de/10011716283
Is there a minimum tax to GDP ratio associated with a significant acceleration in the process of growth and development? We give an empirical answer to this question by investigating the existence of a tipping point in tax-to-GDP levels. We use two separate databases: a novel contemporary...
Persistent link: https://www.econbiz.de/10011716284
In the cross section of countries, there is a strong positive correlation between trade and income, and a negative …) identification strategy, and exploit countries' exogenous geographic characteristics to estimate the causal effect of trade on income … and inequality. Our cross-country estimates for trade's impact on real income are consistently positive and significant …
Persistent link: https://www.econbiz.de/10011763524
Global merchandise trade expanded rapidly over the last 6 1\2 decades and its relationship with global income has seen … exports and income. The paper estimates trade and income elasticities using ADL models taking account of structural breaks … and income are in a 'new normal' or only 'back to (an old) normal' after the GTC and GFC …
Persistent link: https://www.econbiz.de/10011711761
profile of the lowest income groups in Mozambique and examines how they were affected by the economic recovery program of 1986 … relative income position. However, in the presence of a large refugee population and war-related destruction, there continues …
Persistent link: https://www.econbiz.de/10014396526
In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We develop a two-sector two-good new-Keynesian model to study the optimal choice of price index in markets with financial frictions. We find that,...
Persistent link: https://www.econbiz.de/10014397170
We revisit Lipset‘s law, which posits a positive and significant relationship between income and democracy. Using … dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …
Persistent link: https://www.econbiz.de/10014395479
show that this result is determined largely by an unrealistic assumption that labor income grows monotonically over a …
Persistent link: https://www.econbiz.de/10014395872