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This study shows the relationship between income distribution and other relevant economic variables and their impact on income distribution. Panel data analysis is used to study 200 world economies and identify main income determinants. Using such a large panel to study income distribution and...
Persistent link: https://www.econbiz.de/10010890058
Innovation has long been recognized as one of the key elements of economic progress, though some say that its direct relation to the concept of economic growth remains rather controversial. Productivity growth is the key economic indicator of innovation, non-the-less. Growth theory assumes that...
Persistent link: https://www.econbiz.de/10010890070
This paper presents a new model for defining the poverty line using the Kakwani (2010) approach and developing a possible candidate for the construction of a new official poverty line. The model uses consumer theory to construct both food and non-food poverty thresholds and ensures that the...
Persistent link: https://www.econbiz.de/10010760079