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In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution in the US over the 1968-2014 period. We show that the labour share is affected negatively by personal inequality, capital intensity and...
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The turn of the century brought encouragement and hope for many emerging economies undergoing a new phase of growth, with falling inequality and a promising push towards greater social inclusion. Within this trend of economic recovery and increased equity, Latin America would stand out, with...
Persistent link: https://www.econbiz.de/10011772293
In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10009488633
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and disclose the dramatic upward trend in...
Persistent link: https://www.econbiz.de/10009562971
the Household Finance and Consumption Survey, it argues that a process of financialisation of the household is underway on … more households partake in mortgage finance in their entry to homeownership, and (ii) financial intensity, in which … finance represents an 'alternative' channel to older dominant institutional entryways to homeownership. Secondly, Maltese …
Persistent link: https://www.econbiz.de/10014427487
The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many … institutional changes can be understood as transitions occurring at roughly the same level (zones) of development. The Primacy of … Institutions (PoI) view claims that economic development is a consequence of an exogenous selection of institutions. Our survey of …
Persistent link: https://www.econbiz.de/10010265602
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