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Distributional Effects of Macroeconomic Policy Choices in Emerging Market Economies
Prasad, Eswar - 2013
Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since financial markets are incomplete, imperfect, and economic agents' access to them is often...
Persistent link: https://www.econbiz.de/10010328965
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Distribution of natural resources, entrepreneurship and economic development: growth dynamics with two elites
Falkinger, Josef; Grossmann, Volker - 2005
This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two...
Persistent link: https://www.econbiz.de/10010267484
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Schooling, cognitive skills, and the Latin American growth puzzle
Hanushek, Eric Alan; Woessmann, Ludger - 2009
Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which...
Persistent link: https://www.econbiz.de/10010274178
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Human capital, economic growth, and inequality in China
Heckman, James J.; Yi, Junjian - 2012
China's rapid growth was fueled by substantial physical capital investments applied to a large stock of medium skilled labor acquired before economic reforms began. As development proceeded, the demand for high skilled labor has grown, and, in the past decade, China has made substantial...
Persistent link: https://www.econbiz.de/10010282331
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The great happiness moderation
Clark, Andrew E.; Flèche, Sarah; Senik, Claudia - 2012
This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced positive income growth over the last forty years, in particular in developed countries. This new stylized fact comes as an addition to the Easterlin paradox, which states that...
Persistent link: https://www.econbiz.de/10010287588
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Are we there yet? Time for checks and balances on new institutionalism
Iyigun, Murat - 2012
New institutionalism has had considerable success during the last decade in shepherding the debate on sustained economic development. If the sociopolitical, legal and economic transformations in the Anglo-Saxon world in the last three decades prove anything, however, it is that the late Mancur...
Persistent link: https://www.econbiz.de/10010290007
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Reforms, growth and persistence of gender gap: Recent evidence from private school enrolment in India
Maitra, Pushkar; Pal, Sarmistha; Sharma, Anurag - 2011
This paper examines the extent of gender gap in private school enrolment in India, an issue that has not been …
Persistent link: https://www.econbiz.de/10010282389
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Push or pull? Drivers of female labor force participation during India's economic boom
Klasen, Stephan; Pieters, Janneke - 2012
In the past twenty years, India's economy has grown at increasing rates and now belongs to the fastest …-growing economies in the world. This paper examines drivers of female labor force participation in urban India between 1987 and 2004 … minority of India's women. So despite India's economic boom, it appears that for all but the very well educated, labor market …
Persistent link: https://www.econbiz.de/10010282183
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Fiscal Policy and Educational Attainment in the United States : A Generational Accounting Perspective
Chojnicki, Xavier; Docquier, Frédéric - 2004
In this paper, we investigate the consequences of the rise in educational attainment on the US generational accounts. We build on the 1995 accounts of Gokhale et al. (1999) and disaggregate them per schooling level. We show that low skill newborns are characterized by a negative generational...
Persistent link: https://www.econbiz.de/10010261806
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Is the Deficit under Control?
Bonin, Holger; Abio, Gemma; Berenguer, Eduardo; Gil, Joan; … - 2001
According to the 2001 Spanish budgetary previsions, the government deficit is about to disappear. We analyse this matter within a generational accounting framework. Accounting for the recent expansive phase of the economic cycle, we find that current fiscal policy is also intertemporally...
Persistent link: https://www.econbiz.de/10010262513