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distribution and growth, as well as the relevant empirical evidence. The first model integrates the political-economy and imperfect … capital markets theories. It allows for departures from perfect democracy and embodies the trade-off between the growth costs … savings incentives and ameliorate the wealth constraints that impede investment by the poor. The second model is a growth …
Persistent link: https://www.econbiz.de/10005123982
a two-class society in which growth is driven by the accumulation of human capital. The levels of public education and … with a high share of lump-sum transfers. Numerical analysis shows empirically plausible result of growth, inequality and …
Persistent link: https://www.econbiz.de/10010907618
Persistent link: https://www.econbiz.de/10011212357
To answer the question "How to be an Ecological Economist", we must start by defining the field of Ecological Economics. Mainstream Economics altogether lacks the concepts required to deal adequately with nature, justice and time. It was the absence of these three concepts in this otherwise...
Persistent link: https://www.econbiz.de/10005150936
on economic growth by examining the extent to which terrorism taxes trust and how this, in turn, hinders economic …
Persistent link: https://www.econbiz.de/10009294382
The article analyses the impact of agricultural trade liberalisation on economic growth as well as on the welfare of …
Persistent link: https://www.econbiz.de/10009642568
This paper revisits the debate on foreign aid effectiveness from a different perspective by analysing the role of institutional corruption on the effect of aid volatility on the output of developing nations. A simple political economy model is developed to show the effect of corruption on...
Persistent link: https://www.econbiz.de/10010836231
political economy perspective. We consider an endogenous growth economy, where growth generates pollution and a deterioration of … the environment. Public expenditures may either be devoted to supporting growth or abating pollution. The decision over …, the less she will tax and devote resources to the environment, preferring to support growth. …
Persistent link: https://www.econbiz.de/10010750774
volatile environment, and a lower rate of productivity growth, i.e. "bad times," increase the political support for more labor …
Persistent link: https://www.econbiz.de/10010672391
The literature on income inequality has provided various explanations as to how income inequality can affect growth … other individuals, both within the country and in foreign countries. The chosen policy affects economic growth, with the … assumption being that policies that promote growth also tend to result in more switching of individuals between income groups. We …
Persistent link: https://www.econbiz.de/10010636252