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Despite extensive research, there is still controversy on the effects of income inequality on economic growth. The … different forms of inequality. However, empirical studies have generally not distinguished between these channels, nor have … their analyses included a consideration of the two forms of inequality and their separate effects on growth. In this paper …
Persistent link: https://www.econbiz.de/10010733726
This paper develops a framework which analyzes how a population's culture affects the decisions of rational profit maximizing firms, while simultaneously exploring how the actions of these firms in turn affect the population's culture.By endogenizing culture as well as the more usual economic...
Persistent link: https://www.econbiz.de/10011092624
explored and established in this paper should also prove helpful in further development of a theory of total factor …
Persistent link: https://www.econbiz.de/10011212991
This paper reviews India's growth performance since independence. One of the innovations in this paper is to take explicit account of rainfall variations that play a very important role in the Indian economy. This allows us to determine whether the Indian economy has become less dependent on the...
Persistent link: https://www.econbiz.de/10005582763
This study was conducted to examine the relationship among Economic Growth, Financial and trade Globalization in the Philippines from 1980 to 2011. The study used the Vector Autoregressive VAR (1) model and Granger Causality test. It was found out that the current value of GDP is positively...
Persistent link: https://www.econbiz.de/10011114465
contrast we aim to identify the impact on whole economies (economic growth, and financial sector development and reductions in …
Persistent link: https://www.econbiz.de/10011201355
In this paper, we try to understand whether measures of GDP per capita taken from the national accounts or measures of mean income or consumption derived from household surveys better proxy for true income per capita. We propose a data-driven method to assess the relative quality of GDP per...
Persistent link: https://www.econbiz.de/10010762560
institutions does not hold. SSA countries appear to face very specific development problems. Given their geographic and economic …
Persistent link: https://www.econbiz.de/10010886842
Interactions between economic development and financial development are studied by looking at the roles of financial … institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the … development stages of an economy. At higher development stages a financing regime with ex post selection capacity is more …
Persistent link: https://www.econbiz.de/10010928613
of political freedoms versus economic development. This paper takes a new approach to provide an answer by using micro …
Persistent link: https://www.econbiz.de/10010928706