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Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional...
Persistent link: https://www.econbiz.de/10012911691
-determination of growth and income inequality in both the closed and open economy, as well as the spillover effects of policy and …
Persistent link: https://www.econbiz.de/10013047018
forces thought to have an impact on inequality can be offset or reinforced" by demography, skill supply and globalization … impact on GDP per capita growth. The answers to these two questions are sought by" looking at inequality and growth … experience in the Old World, the New World last century and a half …
Persistent link: https://www.econbiz.de/10013221891
inequality, by fueling social discontent, increases socio-political instability. The latter, by creating uncertainty in the … politico-economic environment, reduces investment. As a consequence, income inequality and investment are inversely related … inequality and growth. We measure socio-political instability with indices which capture the occurrence of more or less violent …
Persistent link: https://www.econbiz.de/10013235290
Technological diffusion implies a form of 'conditional convergence' as lagging countries catch up with technological leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity (TFP) persist even in the long run due to differences...
Persistent link: https://www.econbiz.de/10013240307
, we find no evidence that SMEs alleviate poverty or decrease income inequality …
Persistent link: https://www.econbiz.de/10013244121
This paper describes the correlations between inequality and the growth rates in cross-country data. Using non …-parametric methods, we show that the growth rate is an inverted U-shaped function of net changes in inequality: Changes in inequality (in … this non-linearity is sufficient to explain why previous estimates of the relationship between the level of inequality and …
Persistent link: https://www.econbiz.de/10013323994
We document regularities in the distribution of relative incomes and patterns of investment in countries and over time. We develop a quantitative version of the neoclassical growth model with a broad measure of capital in which investment decisions are affected by distortions. These distortions...
Persistent link: https://www.econbiz.de/10013324007
This paper studies the relationship between political conflict and economic growth in a simple model of endogenous growth with distributive conflicts. We study both the case of two "classes" (workers and capitalists) and the case of a continuum distribution of agents, characterized by different...
Persistent link: https://www.econbiz.de/10014156810
person in the world. We then estimate the gaussian kernel density function for the worldwide distribution of income. We … compute world poverty rates by integrating the density function below the poverty lines. The $1/day poverty rate has fallen … million less poor people in 1998 than there were in the 70s. We estimate global income inequality using seven different …
Persistent link: https://www.econbiz.de/10013230367