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CWe consider the factor payment effects of a transition from open access to restricted access in the resource sector in the long-run, i.e., when both labor and capital are mobile between sectors. We show that the transition benefits (harms) the factor that is initially used more (less)...
Persistent link: https://www.econbiz.de/10010938548
We examine the interplay between changes in the functional distribution of income and the distribution of market income … Statistical Office from 2002 to 2008. We categorize and evaluate the implications of changes in the functional distribution of … income upon the distribution of income among individuals on the basis of a simple theoretic framework that links the degree …
Persistent link: https://www.econbiz.de/10010955014
This article analyzes the relationship between growth and income distribution in developing countries. Three important … more equal income distribution. After a review of theoretical arguments, the empirical evidence is discussed. It is …
Persistent link: https://www.econbiz.de/10011274390
Since the economic reforms began in 1978, China has achieved remarkable economic results. Real GDP per capita grew at an average annual rate of 8.1% in the period of 1978-2001. Maintaining such a high growth rate over such a long period of time with a population of more than one billion truly is...
Persistent link: https://www.econbiz.de/10009365269
This paper introduces a political-economy framework to investigate the role of finance in economic instability and crisis. It is argued that the rise in income of rentiers, private bankers and other groups of financial capitalists merits responsibility for the economic and financial instability,...
Persistent link: https://www.econbiz.de/10004994311
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained. Finally,...
Persistent link: https://www.econbiz.de/10005792213
We examine the interplay between changes in the functional distribution of income and the distribution of market income … Statistical Office from 2002 to 2008. We categorize and evaluate the implications of changes in the functional distribution of … income upon the distribution of income among individuals on the basis of a simple theoretic framework that links the degree …
Persistent link: https://www.econbiz.de/10010762078
rate reduction, on functional income distribution to households in Pakistan through CGE modelling, that is well known for …
Persistent link: https://www.econbiz.de/10005836978
We construct an overlapping generations model to study the effect of capital controls on human capital investments and the incidence of redistributive politics in a growing economy. We argue that the conventional wisdom linking higher capital controls to lower growth is reproduced only when an...
Persistent link: https://www.econbiz.de/10005765233
stochastic kernels we study the dynamic distribution of three archetypes classes: Demographics, Sectors and Human Capital. The …
Persistent link: https://www.econbiz.de/10005812483