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Understanding within and between group inequality is fundamental in understanding the evolution of income inequality in any country. Using a century of data for France, and the Theil measure of income inequality, which is decomposable, we show that income inequality within the bottom 90\%...
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Recent studies have pointed out that trade liberalisation leads to technological spillovers, which, in turn, tend to improve the efficiency of the domestic Research and Development (R&D) sector, and ultimately boost economic growth. In this paper, we theoretically formalize the above mentioned...
Persistent link: https://www.econbiz.de/10005064823
We examine the impact of the global economic activity, oil supply, oil-specific consumption demand, and oil inventory demand shocks on the expected aggregate skewness of the United States (US) economy, obtained based on a data-rich environment involving 211 macroeconomic and financial variables...
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The macroeconomic response to uncertainty for India is studied in a structural model that decomposes uncertainty into … negative and positive contributions. The results show that uncertainty shocks reduce industrial production, lead to an exchange … rate depreciation, lowers prices and increases interest rates. Conversely, a reduction in uncertainty (or an increase in …
Persistent link: https://www.econbiz.de/10011250612
We use a copula approach to investigate the effect of uncertainty on crude-oil returns. Using copulas to construct … time-varying effect of equity and economic policy uncertainty on oil returns. The results show that higher uncertainty, as … measured by equity and economic policy uncertainty indices, significantly increase crude-oil returns only during certain …
Persistent link: https://www.econbiz.de/10011165591