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The World Income Distribution
Acemoglu, Daron - 2001
trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing … perspective time-series behavior of the world economy is similar to that of existing endogenous growth models, with the world … country level, the cross-sectional behavior of the world economy is similar to that of existing exogenous growth models: cross …
Persistent link: https://www.econbiz.de/10012470646
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Capital Goods Imports and Long-Run Growth
Lee, Jong-Wha - 1994
This paper presents an endogenous growth model of an open economy in which the growth rate of income is higher if foreign capital goods are used relatively more than domestic capital goods for the production of capital stock. Empirical results, using cross country data for the period 1960-85,...
Persistent link: https://www.econbiz.de/10012474203
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Democracy, Redistribution and Inequality
Acemoglu, Daron; Robinson, James A.; Restrepo, Pascual; … - 2013
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail to be realized when democracy is captured by the...
Persistent link: https://www.econbiz.de/10012458917
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Distributive Politics and Economic Growth
Alesina, Alberto - 1991
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/10012475348
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Growth, Trade, and Inequality
Grossman, Gene M. - 2014
We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ in ability sort into either a research sector or a manufacturing sector that produces differentiated goods. Each research project generates a new variety of the differentiated...
Persistent link: https://www.econbiz.de/10012458165
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Inequality and Growth
Benabou, Roland - 1996
Using two unifying models and an empirical exercise, this paper present and extends the main theories linking income distribution and growth, as well as the relevant empirical evidence. The first model integrates the political economy and imperfect capital markets theories. It allows for...
Persistent link: https://www.econbiz.de/10012473184
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Is Inequality Harmful for Growth? Theory and Evidence
Persson, Torsten - 1991
Is inequality harmful for growth? We suggest that it is. To summarize our main argument: in a society where distributional conflict is more important, political decisions are more likely to produce economic policies that allow private individuals to appropriate less of the returns to growth...
Persistent link: https://www.econbiz.de/10012475421
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Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World
Acemoglu, Daron; Robinson, James A.; Verdier, Thierry - 2012
-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide … theoretical answers to this question, we develop a simple model of economic growth in a world in which all countries benefit and … potentially contribute to advances in the world technology frontier. A greater gap of incomes between successful and unsuccessful …
Persistent link: https://www.econbiz.de/10012460215
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Notes on Growth Accounting
Barro, Robert J. - 1998
sections place the growth-accounting exercise within the context of two recent strands of endogenous growth theory -- varieties …
Persistent link: https://www.econbiz.de/10012472156
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The New Empirics of Economic Growth
Durlauf, Steven N. - 1998
We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
Persistent link: https://www.econbiz.de/10012472386