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In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the … by personal inequality, capital intensity and trade, while the Gini statistic is fueled by the falling labour share and … innocuous in the 1990s. We also document the growing relevance of capital accumulation and globalisation in driving personal …
Persistent link: https://www.econbiz.de/10011756104
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the … in the US over the 1960-2009 period. We show that the labour share is affected positively by capital intensity and … counterfactual simulations, a key finding is that the decrease in capital intensity in the eighties accounted for about 76% of the …
Persistent link: https://www.econbiz.de/10009562971
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In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under … incomplete risk diversification. Risk neutrality and imperfect intertemporal substitutability make investment decreasing in …
Persistent link: https://www.econbiz.de/10011598289
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This paper shows that, counter-intuitively, a higher elasticity of substitution in model production function can lead to reduced economic resilience and larger vulnerability to shocks in production factor prices. This result is due to the fact that assuming a higher elasticity of substitution...
Persistent link: https://www.econbiz.de/10008821866
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