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After twenty-five years of economic transition economic performance varies considerably in transition countries, while in most cases current outcomes show that the desired effects have not been achieved. In this paper we elaborate on why industrial policy has been a key missing element in the...
Persistent link: https://www.econbiz.de/10010938650
Persistent link: https://www.econbiz.de/10005716133
This paper aims at reviewing selected literature on (1) structural financial changes observed in a large sample of transition economies in the Central and/or Oriental Europe during the last two decades, (2) efficiency of this financial liberalization in relative terms (in macroeconomic sense),...
Persistent link: https://www.econbiz.de/10008554170
The link between the exchange rate regime and macroeconomic performance has always been a debatable issue in international economics. This paper takes a critical look at this debate by focusing on the relative macreoeconomic performance of currency boards against other exchange rate regimes in...
Persistent link: https://www.econbiz.de/10005667149
We introduce the Global Consumption and Income Project (GCIP), which is developing two separate datasets (The Global Consumption Dataset (GCD) and The Global Income Dataset (GID)) containing an unprecedented portrait of consumption and income of persons over time, within and across countries,...
Persistent link: https://www.econbiz.de/10010904050
on economic growth is affected by wealth inequality.  The results suggest (a) that opening to trade tends to accelerate … growth but (b) that the addition to growth depends inversely on the level of wealth inequality prior to opening.  These … findings confirm the general importance for rapid growth in developing countries of reducing inequality of opportunity. …
Persistent link: https://www.econbiz.de/10011004246
countries, with emphasis on the role of income inequality.  The focus is on the period since the early-mid-1990s when growth in …-growth story.  While in the majority of countries, growth was the major factor behind falling or increasing poverty, inequality …, high initial levels of inequality limit the effectiveness of growth in reducing poverty while growing inequality reduces …
Persistent link: https://www.econbiz.de/10011004323
This paper investigates the relationship between growth and inequality from a demographic point of view. In an extended … inequality is at first positive and then may be negative in the process of population aging. The results are consistent with the …
Persistent link: https://www.econbiz.de/10010928630
income inequality. This paper considers a world in which those with more useful knowledge can teach those with less useful …
Persistent link: https://www.econbiz.de/10010930254
“Growth is good for the poor” is a ubiquitous statement and one generally backed by theory, research and history. In the long-run, growth reduces poverty. Yet, growth in output - per se - is neither a necessary nor a sufficient condition for poverty reduction in the short-term. The paper...
Persistent link: https://www.econbiz.de/10011213141