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This paper provides a critical review of the recent literature on inequality and growth. After discussing historical and more recent distributional trends as well as empirical evidence on the relationship between inequality and growth, I focus on recent explanations of the inequality-growth...
Persistent link: https://www.econbiz.de/10005627965
recovery (itself driven by changes in capital policies since the world wars) and by the slowdown of productivity and population …-income ratio β is about 300% if g= 3% and 600% if g= 1.5%. Our results have important implications for capital taxation and … regulation and shed new light on the changing nature of wealth, the shape of the production function, and the rise of capital …
Persistent link: https://www.econbiz.de/10011083398
Persistent link: https://www.econbiz.de/10010779939
The present study aims to show an analysis of relationship between gross fixed capital formation and economic growth in … and the gross fixed capital formation (GFCF) – considered independent variable. This workpaper uses the quarterly of GDP … macroeconomic indicators. The obtained results show a direct and strong connection between economic growth and gross fixed capital …
Persistent link: https://www.econbiz.de/10011260574
Durch die anstehende Revision der Volkswirtschaftlichen Gesamtrechnungen rechnet sich auch Deutschland reicher: Das Bruttoinlandsprodukt wird merklich höher ausfallen, wie schon bei den früheren Revisionen, und auch das Anlagevermögen nimmt rechnerisch deutlich zu. Bedeutsam hierfür ist die...
Persistent link: https://www.econbiz.de/10010986107
Im Rahmen der regelmäßigen Revisionen der Volkswirtschaftlichen Gesamtrechnungen (VGR) werden nicht nur die Daten am aktuellen Rand, sondern auch weit in die Vergangenheit zurückreichende Zeitreihen überarbeitet. Damit gehen regelmäßig Niveaueffekte, zum Beispiel ein höheres...
Persistent link: https://www.econbiz.de/10010986134
This paper investigates changes in GDP accounting in China that may cause movement in factor income share from three aspects: industry reclassification, value-added measure, and the accounting method of income components at institutional unit level. Particularly, this paper discusses the impacts...
Persistent link: https://www.econbiz.de/10010931700
This note examines Thomas Piketty's (2014) explanation and prediction of simultaneously rising capital income ratio and … profit share by an elasticity of substitution, sigma, greater than one between labor and capital in an aggregate production … function. I review Piketty's elasticity argument, which relies on a non-standard capital definition. In light of the theory of …
Persistent link: https://www.econbiz.de/10011277145
The international profits of the major French groups have substantially increased in recent years. Between 2008 and 2011, the proportion of profits generated by the foreign subsidiaries of France’s CAC 40 companies reached 60% of their aggregate net operating incomes, corresponding to a 10...
Persistent link: https://www.econbiz.de/10010815943
Après deux années de progression, la durée d’utilisation des équipements productifs dans l’industrie manufacturière est stable en 2012. Le principal obstacle à l’allongement de la durée d’utilisation des équipements demeure le manque de main-d’oeuvre qualifiée.
Persistent link: https://www.econbiz.de/10010816075