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Theory of Privatization in Eastern Europe: Literature Review
Schindele, Ibolya - 2003
This paper discusses the most important theoretical contributions to the literature on privatization, focusing on … emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of … privatization and the reduction in social welfare and the possibility that the privatization process itself may have conflicting …
Persistent link: https://www.econbiz.de/10011325031
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Foreign direct investment and structural reforms: evidence from Eastern Europe and Latin America
Campos, Nauro F.; Kinoshita, Yuko - 2008
This paper investigates the role of structural reforms - privatization, financial reform and trade liberalization as … financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and …
Persistent link: https://www.econbiz.de/10010268588
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Credit constraints, idiosyncratic risks, and wealth distribution in a heterogeneous agent model
Clemens, Christiane; Heinemann, Maik - 2007
This paper examines the effects of credit market imperfections and idiosyncratic risks on occupational choice, capital accumulation, as well as on the income and wealth distribution in a two sector heterogeneous agent general equilibrium model. Workers and firm owners are subject to...
Persistent link: https://www.econbiz.de/10010265142
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Statistical theories of income and wealth distribution
Chakrabarti, Anindya S.; Chakrabarti, Bikas K. - 2009
The distributions of income and wealth in countries across the world are found to possess some robust and stable features independent of the specific economic, social and political conditions of the countries. We discuss a few physics-inspired multi-agent dynamic models along with their...
Persistent link: https://www.econbiz.de/10010299490
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Maximum entropy power laws: An application to the tail of wealth distribution
Milaković, Mishael - 2002
Statistical equilibrium denotes the distribution of wealth that can be achieved in the largest number of ways while satisfying a first moment constraint on the rate of growth in wealth portfolios. Maximizing entropy subject to a logarithmic constraint yields a power law distribution whose...
Persistent link: https://www.econbiz.de/10010328652
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The evolution of top incomes in an egalitarian society: Sweden, 1903 - 2004
Roine, Jesper; Waldenström, Daniel - 2006
This study presents new homogenous series of top income shares in Sweden over the period 1903 to 2004. We find that, starting from higher levels of inequality than in other Western countries, the income share of the Swedish top decile drops sharply over the first eighty years of the century. The...
Persistent link: https://www.econbiz.de/10010281326
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Wealth concentration over the path of development: Sweden, 1873 - 2005
Roine, Jesper; Waldenström, Daniel - 2007
We study the development of wealth concentration in Sweden over 130 years, from the begin-ning of industrialization until present day. Our series are based on a wide array of new evi-dence from estate- and wealth tax data, estimates of foreign and domestic family firm-wealth and of pension and...
Persistent link: https://www.econbiz.de/10010281378
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Endogenous growth, the distribution of wealth, and optimal policy under incomplete markets and idiosyncratic risk
Clemens, Christiane; Heinemann, Maik - 2012
This paper combines the standard incomplete markets model of uninsurable idiosyncratic risks and borrowing constraints with the Arrow/Romer approach to endogenous growth to analyze the interaction of risk, growth, and inequality, the latter also endogenously determined in equilibrium. We derive...
Persistent link: https://www.econbiz.de/10010282062
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Household wealth in Latin America
Torche, Florencia; Spilerman, Seymour - 2006
This paper provides a descriptive analysis of wealth ownership and wealth inequality in Latin American countries, using diverse published sources and primary data analysis for 16 nations. We produce estimates of the distribution of home ownership, land, and financial assets, and find very high...
Persistent link: https://www.econbiz.de/10010284670
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The Evolution of Top Incomes in an Egalitarian Society; Sweden, 1903–2004
Roine, Jesper; Waldenström, Daniel - 2006
This study presents new homogenous series of top income shares in Sweden over the period 1903-2004. We find that, starting from levels of inequality approximately equal to those in other Western countries at the time, the income share of the Swedish top decile drops sharply over the first eighty...
Persistent link: https://www.econbiz.de/10010320074