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This paper is a critical survey of the empirical literature on the effects of inequality on economic growth. We conclude that it is most likely that the disparities found in the results are due to differences in the type of countries and time periods included in the samples, the variable used to...
Persistent link: https://www.econbiz.de/10010761270
Abstract We propose an endogenous growth model with elements of new political economy in order to study the effects of political institutions and political rivalry on human capital accumulation and income inequality. Relating to the increasing literature on the relationship between income...
Persistent link: https://www.econbiz.de/10010634117
Based on an extended model of endogenous directed technical change and on cross-country data, we identify and quantify the long-run link between: (i) the technology structure (high- versus low-tech sectors) and the skill structure (high- versus low-skilled workers), by considering an explicit...
Persistent link: https://www.econbiz.de/10010634120
Based on an extended model of endogenous directed technical change and on cross-country data, we identify and quantify the long-run link between: (i) the technology structure (high- vs. low-tech sectors) and the skill structure (high- vs. low-skilled workers), by considering an explicit role for...
Persistent link: https://www.econbiz.de/10010777104
This paper shows that autocatalytic trade cycles can be a positive feedback system for innovation and thus for economic growth. Using United Nations data, a trade network is proposed and a set of variables that represent the participation of countries in autocatalytic trade cycles is...
Persistent link: https://www.econbiz.de/10010971543
In the first part of this paper the effects of trade cycles on economic growth are discussed to test the hypothesis of autocatalytic trade cycles, which indicates that more innovation is produced in countries that are a part of these cycles. Using United Nations data, a trade network is...
Persistent link: https://www.econbiz.de/10010533730
Institutions crucial for the analysis of how agents deal with uncertainty have been gaining increasing relevance on the economic research agenda. In this paper, we analyze the institutional literature aiming to explain why this perspective obtains better results than others in development...
Persistent link: https://www.econbiz.de/10011086342
Persistent link: https://www.econbiz.de/10008167220
Persistent link: https://www.econbiz.de/10008306886
This study aims at providing a positive contribution to the literature on the macroeconomic determinants of poverty which is particularly relevant since this type of analysis is rather scarce (e.g., Agénor, 2005). After a brief review on the macroeconomic mechanisms of poverty and deprivation,...
Persistent link: https://www.econbiz.de/10010634125