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Role reversal in global finance
Prasad, Eswar S. - 2011
I document that emerging markets have cast off their original sin their external liabilities are no longer dominated by foreign-currency debt and have instead shifted sharply towards direct investment and portfolio equity. Their external assets are increasingly concentrated in foreign exchange...
Persistent link: https://www.econbiz.de/10010282136
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Information Technology and the Knowledge Elites
Saint-Paul, Gilles - 2001
I study a model where Information Technology, while typically increasing overall inequality, is likely to harm some people at intermediate and high levels of the distribution of income but to benefit people at the bottom. Within a given occupation it may harm some workers while benefitting...
Persistent link: https://www.econbiz.de/10010262486
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Distribution of natural resources, entrepreneurship and economic development: growth dynamics with two elites
Falkinger, Josef; Grossmann, Volker - 2005
entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …
Persistent link: https://www.econbiz.de/10010267484
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The elite and the marginalised: an analysis of public spending on mass education in the Indian States
Pal, Sarmistha; Ghosh, Sugata - 2008
and how far the interests of the marginalized poor are undermined by the dominant elite consisting mainly of the landed … and the capitalists. We distinguish the dominant elite from the minority elite (i.e., elected women and low caste … education while presence of capitalist elite, as reflected in greater degree of industrialisation enhances it, even in poorer …
Persistent link: https://www.econbiz.de/10010268596
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Elite dominance and under-investment in mass education: disparity in the social development of the Indian states, 1960-92
Pal, Sarmistha; Ghosh, Sugata - 2007
elite dominance that discriminates against the minority groups of people and systematically under-invests in mass education …. We experiment with various indirect economic and political measures of elite dominance. Results based on the Indian state …
Persistent link: https://www.econbiz.de/10010269246
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Multidimensional measurement of richness: Theory and an application to Germany
Peichl, Andreas; Pestel, Nico - 2010
Closely following recent innovations in the literature on the multidimensional measurement of poverty, this paper provides similar measures for the top of the distribution using a dual cutoff method to identify individuals, who can be considered as rich in a multidimensional setting. We use this...
Persistent link: https://www.econbiz.de/10010269775
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Role Reversal in Global Finance
Prasad, Eswar - Institute for the Study of Labor (IZA) - 2011
I document that emerging markets have cast off their "original sin" – their external liabilities are no longer dominated by foreign-currency debt and have instead shifted sharply towards direct investment and portfolio equity. Their external assets are increasingly concentrated in foreign...
Persistent link: https://www.econbiz.de/10009325444
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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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China's high saving puzzle
Ma, Guonan; Yang, Dennis Tao - 2013
jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the …
Persistent link: https://www.econbiz.de/10010293143
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Happiness, growth, and public policy
Easterlin, Richard A. - 2013
If society's goal is to increase people's feelings of well-being, economic growth in itself will not do the job. Full employment and a generous and comprehensive social safety net do increase happiness. Such policies are arguably affordable not only in higher income nations but also in countries...
Persistent link: https://www.econbiz.de/10010293153