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Income inequality, economic growth, and the effect of redistribution
Gründler, Klaus; Scheuermeyer, Philipp - 2015
addition to the inequality-growth relationship, we examine the direct influence of effective redistribution. When net … inequality is held constant, public redistribution negatively affects economic growth. Redistribution hampers investment and … net inequality, the overall impact of redistribution is insignificant. Whereas this result stems mainly from advanced …
Persistent link: https://www.econbiz.de/10011310397
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Inequality and the duration of growth
Ostry, Jonathan D. - In: European Journal of Economics and Economic Policies: … 12 (2015) 2, pp. 147-157
The relationship between income inequality and economic growth is complex. Some inequality is integral to the effective functioning of a market economy and the incentives needed for investment and growth. But inequality can also be destructive to growth, for example by amplifying the risk of...
Persistent link: https://www.econbiz.de/10014363231
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Income distribution and economic crises
Neyaptı, Bilin; Akşit, Derin - 2015
This paper analyzes the relationship between income distribution and the severity of economic crises, where the severity is measured by the length and the depth of the recessions. Using an extensive panel dataset on income distribution and employing an event study framework, we find significant...
Persistent link: https://www.econbiz.de/10011440135
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Economic growth and convergence during the transition to production using automation capital
Dujava, Daniel; Lábaj, Martin - 2019
This paper examines the implications of automation capital in a Solow growth model withtwo types of labour. We study the transition from standard production to production usingautomation capital which substitutes low-skilled workers. We assume that despite advancesin technology, AI and machine...
Persistent link: https://www.econbiz.de/10012037424
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Institutional Determinants of Economic Performance in OECD Countries – An Institutions Climate Index
Eicher, Theo; Röhn, Oliver - In: CESifo DICE Report 05 (2007) 1, pp. 38-49
Persistent link: https://www.econbiz.de/10011696606
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Income polarization and economic growth
Brzezinski, Michal - 2013
This study examines empirically the impact of income polarization on economic growth in an unbalanced panel of more than 70 countries during the 1960-2005 period. We calculate various polarization indices using existing micro-level datasets, as well as datasets reconstructed from grouped data on...
Persistent link: https://www.econbiz.de/10010335431
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Migration, the quality of the labour force and economic inequality
Kahanec, Martin; Zimmermann, Klaus F. - 2008
Mobility of workers involves flows of labour, human capital and other production factors and thus contributes to a more efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also change the international and national...
Persistent link: https://www.econbiz.de/10010265004
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Income inequality, redistribution and poverty: Contrasting rational choices and behavioural perspectives
Luebker, Malte - 2012
inequality translates into greater redistribution by shaping the median voter's preferences. While numerous papers have tested … this proposition, the literature has remained divided over the appropriate measure for redistribution. Revisiting the … redistribution should increase in line with inequality. An empirical test based on 110 observations from the Luxembourg Income Study …
Persistent link: https://www.econbiz.de/10010335364
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Income inequality, redistribution and poverty: Contrasting rational choice and behavioural perspectives
Luebker, Malte - 2012
inequality translates into greater redistribution by shaping the median voter's preferences. While numerous papers have tested … this proposition, the literature has remained divided over the appropriate measure for redistribution. Revisiting the … redistribution should increase in line with inequality. An empirical test based on 110 observations from the Luxembourg Income Study …
Persistent link: https://www.econbiz.de/10010319780
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The economic implications of introducing carbon taxes in South Africa
Alton, Theresa; Arndt, Channing; Davies, Rob; Hartley, … - 2012
South Africa is considering introducing carbon taxes to reduce greenhouse gas emissions. We evaluate potential impacts using a dynamic economy-wide model linked to an energy sector model. Simulation results indicate that a phased-in carbon tax that reaches US$30 per ton of CO2 by 2022 achieves...
Persistent link: https://www.econbiz.de/10010319887