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In this second part of our study we survey the rapidly expanding empirical literature on the determinants of the functional distribution of income. Three major strands emerge: technological change, international trade, and financialization. All contribute to the fluctuations of the labor share,...
Persistent link: https://www.econbiz.de/10010513059
Using traditional Cournot demand concepts, the effect of an increase in export demand on the price and domestic quantity demanded for a given product under different market structures and production cost structures is examined. In general, an increase in the product price will result in a...
Persistent link: https://www.econbiz.de/10011882738
Donor aid is often regarded as being informally tied (aid increases donorrecipient exports) and this effect is, in … also positively associated with recipient-donor exports. That is, aid increases bilateral trade ows in both directions. Our … relation between aid in the form of technical assistance and exports in both directions. When we disaggregate aid to …
Persistent link: https://www.econbiz.de/10010321422
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular … emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital … the United States. To a large degree, this was because finance, instead of financing the capital development of the …
Persistent link: https://www.econbiz.de/10011545297
integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …
Persistent link: https://www.econbiz.de/10011565324
A growing body of recent macroeconomic evidence suggests that volatility is detrimental to economic growth. The channels through which volatility affects growth, however, are less clear; substantive evidence based on disaggregate data is almost non-existent. This paper offers a framework in...
Persistent link: https://www.econbiz.de/10010278247
Relying on data for a panel of 90 economies over 1970-2015 and System-GMM estimates, we extend the standard Kuznets-curve empirical framework to investigate how financial development, globalisation and technology affect income inequality. Our findings reveal the presence of significant...
Persistent link: https://www.econbiz.de/10012419723
finance and the attacks by organisations exposed to this transfer. The effect of financing on attacks increases in recruitment …
Persistent link: https://www.econbiz.de/10013342559
This study provides new evidence on the relationship between finance and economic growth using an innovative dynamic … there is a threshold effect in the finance-growth relationship. In particular, we find that the level of financial … development is beneficial to growth only up to a certain threshold; beyond the threshold level further development of finance …
Persistent link: https://www.econbiz.de/10010369492
government finance is growth-reducing but deflationary. From a welfare perspective, the least distortionary way of financing an …
Persistent link: https://www.econbiz.de/10010397468