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We study the behavior of the US labor share over the past 70 years. We find that the capitalization of intellectual property products in the national income and product accounts entirely explains - in a purely accounting sense - the observed decline of the US labor share. We assess the...
Persistent link: https://www.econbiz.de/10011932539
How much wealth has accumulated in the region and how is it distributed across households? Despite being widely recognized for its extreme income inequality, reliable data on wealth is scarce, partial and oftentimes contradictory, making it difficult to an swer these ba sic qu estions. In this...
Persistent link: https://www.econbiz.de/10014536253
cross-country production sharing. In this paper we empirically assess the impact of FDI, as well as capital dynamics and … high-tech manufacturing sectors. A particularly robust influence of FDI and capital accumulation on GVC integration is … identified in the textile and clothing industry. While capital accumulation in general intensifies GVC linkages for most sectors …
Persistent link: https://www.econbiz.de/10012153901
The paper investigates determinants of investments in state capacity and institutional change in contemporary Ukraine. After formulating a simple sequential two-stage model of investments in state capacity, the paper estimates autoregressive distributed lag and vector autoregressive models to...
Persistent link: https://www.econbiz.de/10012424667
This paper examines the effects of monetary policy shocks on UK regional economic growth and dispersion in a novel Constrained Mixed Frequency Vector Autoregressive framework. Compared to a standard MFVAR, the model partially accounts for missing quarterly observations for regional growth by...
Persistent link: https://www.econbiz.de/10011372798
, however it has increased again after 2012. We further provide novel insights into the evolution of capital income for top …
Persistent link: https://www.econbiz.de/10012170625
The paper builds Distributional National Accounts (DINA) using household survey data. We present a transparent and reproducible methodology to construct DINA whenever administrative tax data are not available for research and apply it to various European countries. By doing so, we build...
Persistent link: https://www.econbiz.de/10012213773
The Sustainable Development Goals (SDGs) are a universal call to action to end poverty and protect the environment. The Government of Guatemala is prioritizing the SDGs it will focus on and defining lines of action to make progress towards achieving them. In this paper, we apply the Integrated...
Persistent link: https://www.econbiz.de/10011784224
Persistent link: https://www.econbiz.de/10003740504
Persistent link: https://www.econbiz.de/10003848773