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Social welfare functions that assign weights to individuals based on their income levels can be used to document the relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and developing countries over the past 40 years, most of the...
Persistent link: https://www.econbiz.de/10012973293
This paper offers the first evidence on the prevalence of a central actor in modern growth theory?the engineer. Using newly collected sub-national, and international data as well as historical case studies, it then argues that differences in innovative capacity, captured by the density of...
Persistent link: https://www.econbiz.de/10012973384
comparison with Sub-Saharan Africa. Much of the progress has occurred through diversification along the ?extensive margin,? that …
Persistent link: https://www.econbiz.de/10012971321
From its inception, the Penn World Tables (PWT), building on the International Comparisons Program (ICP)of the United …
Persistent link: https://www.econbiz.de/10012747809
With the recent release of the 2011 purchasing power parity (PPP) data from the International Comparison Program (ICP … previous round of PPP data from 2005 led to a large increase in the estimated number of poor in the world. The 2011 price data … world. This paper presents evidence that if the global poverty line is updated with the 2011 PPP data based on the same set …
Persistent link: https://www.econbiz.de/10012856238
the Caribbean. Two are based on secondary sources: All the Ginis and the World Income Inequality Database; and one is … generated entirely through multiple-imputation methods: the Standardized World Income Inequality Database. Although there is …
Persistent link: https://www.econbiz.de/10012970655
Despite recent calls in support of cash transfers, there is little rigorous evidence of the relative impacts of cash versus in-kind transfers, especially in humanitarian contexts, where a majority of such programs take place. This paper uses data from a randomized experiment in the Democratic...
Persistent link: https://www.econbiz.de/10012970734
Rates of return to investments in schooling have been estimated since the late 1950s. In the 60-plus year history of such estimates, there have been several attempts to synthesize the empirical results to ascertain patterns. This paper presents comparable estimates, as well as a database, that...
Persistent link: https://www.econbiz.de/10012972785
This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as …-08 period. Banks are special in that "good" corporate governance increases bank insolvency risk relatively more for banks that … capital ratio. Furthermore, good corporate governance is associated with more bank risk-taking at times of rapid economic …
Persistent link: https://www.econbiz.de/10012972797
This paper documents the major trends in financial development in Asia since the early 1990s and the spillovers to firms. It compares Asia with advanced and emerging countries and uses both aggregate and disaggregate indicators. Financial systems in Asia remain less developed than in advanced...
Persistent link: https://www.econbiz.de/10012973555