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Recent literature on economic growth points towards the possibility of the existence of multiple equilibria, under … certain conditions. In this paper we use a growth model with a public health infrastructure to analyze, in detail, its local …, meaning that the so called “growth miracles” in some literature may be less likely to occur. Numerical computations illustrate …
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findings indicate that increases in national income have a significant moderating effect on income inequality: a one percent … could help reduce income inequality. …
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between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the …-run impact of remittances. We then use an endogenous growth framework to describe the growth potential of remittances and present … the evidence for different growth channels. There is considerable evidence that remittances (in the form of savings …
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This chapter surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of social capital, and empirical studies of the role of social capital in various socioeconomic...
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, South Africa's government has made significant steps to combat poverty and inequality and encourage economic growth …. Understanding the connection between social investment, poverty, inequality, and economic growth is, therefore, necessary to … growth in South Africa between 1990 and 2020, this paper uses the cointegration technique. The cointegration estimates …
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