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The oil industry is the richest and most influential industry in the world. The industry has moved the fates of nations …
Persistent link: https://www.econbiz.de/10009456834
This paper aims to investigate the relationship between economic growth, institutional quality and financial development whitin a sample of middle-income countries. We generate three hypothesis on the potential relationships between those three dimensions by reviewing the existing literature and...
Persistent link: https://www.econbiz.de/10012523684
"We develop an evolutionary game theory model for a limited access common pool resource. With full disclosure of individual extraction decisions and payoffs we conjecture that subjects will imitate the most successful players’ strategy as long as their payoffs increase. We derive a stable...
Persistent link: https://www.econbiz.de/10009468354
reducing inequality. Educated workers in these countries have a much lower birth rate than uneducated workers. Assuming … incorporating this effect generates multiple stedy-state levels of inequality, suggesting that in some circumstances, temporarily … increasing access to educational opportunities could permanently reduce inequality. Empirical evidence suggests that the …
Persistent link: https://www.econbiz.de/10009471590
complete adoption of more productive technologies. The issue of increasing income inequality in the process of technology … adoption opens up another direction for research. Specifically increasing inequality implies that distributive conflicts may … issues. Without any political considerations, taxes would leads to a reduction in inequality and convergence of incomes …
Persistent link: https://www.econbiz.de/10009438393
examines the correlations between income inequality and economic growth using a panel of income distribution data for 3 …,109 counties of the U.S. We examine the non-spatial dynamic correlations between county inequality and growth using a System GMM … approach, and find significant negative relationships between changes in inequality in one period and growth in the subsequent …
Persistent link: https://www.econbiz.de/10009464068
A new strand of literature has recently sought to investigate possible links between technological changes, observed modifications to firms' organizational structure and the evolution of the wage gap between skilled and unskilled workers. After a brief overview of such approaches, this essay...
Persistent link: https://www.econbiz.de/10009471673
This study compares the effects of economic internationalisation on the functional distribution of labour income in the U.S.and Germany. The benchmark for assessing the empirical analyses theoretically is the general equilibrium framework ofinternational trade theory. Focusing on general...
Persistent link: https://www.econbiz.de/10009471731
-biased technological change (SBTC) on household income inequality through changes in the rate of per capita economic growth over the decade … of the 1990s. If recent technological changes are skill-biased and tend to raise inequality, as much previous research … able to observe a positive association between technology-driven economic growth and income inequality, all else constant …
Persistent link: https://www.econbiz.de/10009429615
. In particular, we attempt to arrive at racial distribution data as well as data on inequality within race groups, which … to arrive at overall estimates of inequality and poverty; next we discuss the trends in poverty as derived from our data …
Persistent link: https://www.econbiz.de/10009480492