Showing 1 - 10 of 2,552
This paper analyzes the interplay of growth, (re-)distribution and policies when the latter are set exogenously or when … the latter depend on economically important fundamentals. A redistribution policy generally causes lower growth, but less … growth. The paper shows that the long-run cross-country relationship between growth and endogenous policy is generally not …
Persistent link: https://www.econbiz.de/10010266883
utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution …This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity … determined distribution (along classical lines). Second, it responds to some recent criticism by Girardi and Pariboni (2019). I …
Persistent link: https://www.econbiz.de/10012610180
The paper makes three contributions. First, following up on Nikiforos (2016), it provides an in-depth examination of the Federal Reserve measure of capacity utilization and shows that it is closer to a cyclical indicator than a measure of long run variations of normal utilization. Other...
Persistent link: https://www.econbiz.de/10012610181
The paper provides an empirical discussion of the national emergency utilization rate (NEUR), which is based on a "national emergency" definition of potential output and is published by the US Census Bureau. Over the peak-to-peak period 1989-2019, the NEUR decreased by 14.2 percent. The paper...
Persistent link: https://www.econbiz.de/10012610217
division of land led to a more equal distribution of land; other potential drivers of growth are smooth at the boundary and …What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical … right-shifted skill, income, and wealth distribution. Higher top incomes and top wealth in equal division areas coincide …
Persistent link: https://www.econbiz.de/10012322464
, thus, endogenous. Conditioning on factor accumu- lation in growth regressions that also include endogenous policy variables … may then be problematic. When policy is endogenous the measured ef- fects of policy on growth will generally be biased …- cal viewpoint. The paper argues that regressing growth on policy may still yield important information if policy …
Persistent link: https://www.econbiz.de/10010266867
In dieser Arbeit wird ein Überblick über einige Kernaussagen der ''Neuen Wachstumstheorie'' über den Zusammenhang von Wissen und wirtschaftlicher Entwicklung gegeben. Ausgehend von der ''neoklassischen'' Wachstumstheorie wird die Bedeutung von Wissen in Prototypen endogenen Wachstums der...
Persistent link: https://www.econbiz.de/10010266882
We analyze the association between inequality and growth across 72 labor market regions in Sweden 1990-2006. Highly … accurate measures of growth and inequality (gini, Q3, p9075, p5010) are derived from population register data. The regional set …th and 75th percentiles enhances regional growth. This result no longer holds when we take into account changes in …
Persistent link: https://www.econbiz.de/10010278526
Many models show that redistribution is bad for growth. This paper argues that in a non-cooperative world optimizing … and lower GDP growth than 'left-left' competition. Efficiency differences allow for higher GDP growth and more … redistribution than one's opponent. Irrespective of efficiency differences, however, 'left-wing' governments have higher GDP growth …
Persistent link: https://www.econbiz.de/10010266894
This paper offers an alternative approach to the repeated occurrence of Middle East “energy conflicts.” Our analysis centres around the process of differential capital accumulation, emphasizing the quest to exceed the “normal rate of return” and to expands one's share in the overall flow...
Persistent link: https://www.econbiz.de/10011644564