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Equilibrium Fictions : A Cognitive Approach to Societal Rigidity

Hoff, Karla - 2017

This paper assesses the role of ideas in economic change, combining economic and historical analysis with insights from psychology, sociology and anthropology. Belief systems shape the system of categories ( "pre-confirmatory bias" ) and perceptions (confirmatory bias), and are themselves...

Persistent link: https://www.econbiz.de/10012976669

Getting Real About Inequality : Evidence from Brazil, Colombia, Mexico, and Peru

Goni, Edwin; Lopez, Humberto; Servén, Luis - 2015

Consumption baskets vary across households and inflation rates vary across goods. As a result, standard consumer price index (CPI) inflation may provide a misleading measure of the inflation actually faced by poor households, more so the more unequal the distribution of aggregate consumption...

Persistent link: https://www.econbiz.de/10014060101

Removing Impediments to Sustainable Economic Development : The Case of Corruption

Lopez-Claros, Augusto - 2017

This paper examines causes and consequences of corruption within the process of economic development. It starts by … reviewing some of the factors that, over the past couple of decades, have transformed corruption from a subject on the sidelines …, the paper analyzes many of the institutional mechanisms that sustain corruption and the impact of corruption on …

Persistent link: https://www.econbiz.de/10012973777

Enrichment with Growth

Klein, Michael U. - 2017

This essay first sets out the "business model" problems entailed by corruption and their effects as well as … corrupt practices. However, different economic policies can be pursued that are compatible with corruption. Some are more pro … resemble fairly orthodox economic policy prescriptions. Eventually the abolition of corruption holds the greatest promise to …

Persistent link: https://www.econbiz.de/10012975682

Can Latin America Tap the Globalization Upside?

de la Torre, Augusto - 2017

This paper discusses the theoretical arguments in favor of and against economic globalization and, with a view to ascertaining whether Latin America may be able to capture the globalization upside, examines the trends and salient features of Latin America's globalization as compared with that of...

Persistent link: https://www.econbiz.de/10012973335

Global Inequality : From Class to Location, from Proletarians to Migrants

Milanovic, Branko - 2017

Inequality between world citizens in mid-19th century was such that at least a half of it could be explained by income differences between workers and capital-owners in individual countries. Real income of workers in most countries was similar and low. This was the basis on which Marxism built...

Persistent link: https://www.econbiz.de/10012975731

The Global Financial Crisis and Development Thinking

Rogers, F. Halsey - 2017

The global financial crisis has not only dealt a major blow to the global economy, but also shaken confidence in economic management in the developed world and the economic models that guide it. The crisis has revealed major market failures, especially in the housing bubble and its transmission...

Persistent link: https://www.econbiz.de/10012976477

Global Income Inequality : What it is and Why it Matters

Milanovic, Branko - 2016

The paper presents a nontechnical summary of the current state of debate on the measurement and implications of global inequality (inequality between citizens of the world). It discusses the relationship between globalization and global inequality. And it shows why global inequality matters and...

Persistent link: https://www.econbiz.de/10012748065

Demographic Change and Development : A Global Typology

Ahmed, S. Amer - 2017

Demographic change can be a positive contributor to development at any stage of demographic transition. This paper revisits the literature on the determinants and economic impacts of demographic change, and presents a new global typology that classifies countries into four categories based on...

Persistent link: https://www.econbiz.de/10012967334

Nonrenewable Resources, Income Inequality and Per Capita GDP : An Empirical Analysis

Scognamillo, Antonio - 2017

This analysis examines the relationship between nonrenewable resource dependence, economic growth and income inequality. It uses a two-equation system in which the Gini index and GDP per capita are the dependent variables and the stock of nonrenewable resources as a share of national wealth --...

Persistent link: https://www.econbiz.de/10012967897

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