Showing 1 - 8 of 8
involves the estimation of simple equations for GDP growth and conventional inequality measures, augmented to include, among … infrastructure assets, and (2) income inequality declines with higher infrastructure quantity and quality. A variety of specification … quality on growth and inequality. These two results combined suggest that infrastructure development can be highly effective …
Persistent link: https://www.econbiz.de/10005079502
A recent but rapidly growing empirical literature focuses on the relationship between public and private capital. But for the most part, it ignores the heterogeneity of public investment. In many countries, especially in the developing world, public investment includes not only basic...
Persistent link: https://www.econbiz.de/10005079546
The authors construct, estimate, and simulate a macroeconomic model for Chile. This model allows aggregate supply and demand factors to interact in determining such key economic variables as inflation, the real wage, the real exchange rate, real output and employment, and the current account...
Persistent link: https://www.econbiz.de/10005080095
The authors investigate the policy and non-policy factors behind saving disparities, using a large panel data set and an encompassing approach including several relevant determinants of private saving. They extend the literature in several dimensions, by: 1) Using the largest data set on...
Persistent link: https://www.econbiz.de/10004989783
inequality may be very different from those in true inequality, that is, that measured using household-specific CPIs. The authors … the inflation faced by the poorest consumers. As a result of this bias, the observed increases in nominal inequality … generally exceed the actual changes in real inequality. These results are robust to correcting for quality change bias in the …
Persistent link: https://www.econbiz.de/10005129037
In the 1990s macroeconomic policies improved in a majority of developing countries, but the growth dividend from such improvement fell short of expectations, and a policy agenda focused on stability turned out to be associated with a multiplicity of financial crises. The authors take a...
Persistent link: https://www.econbiz.de/10005133542
of per capita income has important implications for the relative roles of income growth and inequality changes in poverty … tolerate modest increases in income inequality in exchange for faster growth-more so than richer and highly unequal countries. …
Persistent link: https://www.econbiz.de/10005133586
has focused on the impact of income inequality and growth. Less attention has been paid to the link between inequality and … which income inequality can affect aggregate saving. The authors present new econometric evidence on the link between saving … and inequality using new data on income distribution for a large cross-country sample. The results provide no evidence …
Persistent link: https://www.econbiz.de/10005133727