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The paper contributes to the literature relating to inequality and economic growth, in particular, we investigate the effects of wealth distribution on the kind of growth driven by innovation, i.e. Schumpeterian growth. Since two types of individuals are assumed, the poor and the rich,...
Persistent link: https://www.econbiz.de/10010664395
This Selected Issues paper reviews recent developments in growth and employment in Bulgaria and highlights key constraints to growth suggested by cross-country competitiveness studies. Bulgaria’s GDP has grown substantially since economic and financial stabilization in 1997. The global...
Persistent link: https://www.econbiz.de/10011245618
We undertake a trade-growth accounting exercise by decomposing data on changes in bilateral international trade flows into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect components (general equilibrium effects). Furthermore,...
Persistent link: https://www.econbiz.de/10011444883
reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always … knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good …
Persistent link: https://www.econbiz.de/10011398011
In the past twenty years, India's economy has grown at increasing rates and now belongs to the fastest-growing economies in the world. This paper examines drivers of female labor force participation in urban India between 1987 and 2004, showing a much more nuanced picture of female labor force...
Persistent link: https://www.econbiz.de/10009533351
This study focuses on growth, poverty and inequality in Rwanda. We take a broad perspective, in two respects. First, we consider a long time period so as to compare the current situation with the pre-war situation, allowing us to assess whether the recent successes can be attributed to a...
Persistent link: https://www.econbiz.de/10010418141
One of the arguments for the detrimental effect of natural resources on the manufacturing is that it could be a byproduct of the capital accumulation process in the resource-abundant open economy. Substitution of capital for labor in resource sectors might slow down the accumulation of a highly...
Persistent link: https://www.econbiz.de/10012711314
In this study, we find that the negative effect of unexploded ordnance (UXO) on the geographical density of foreign direct investment and large firms is a new channel through which the war legacy impedes local development in Vietnam. A 1% increase in the proportion of UXO-contaminated area leads...
Persistent link: https://www.econbiz.de/10012815926
We explore the relationship between the level of village inequality in 1986, and the subsequent growth of household incomes from 1986 to 1999. Using a detailed household-level data set from rural China, we find robust evidence that initial inequality is negatively related to subsequent household...
Persistent link: https://www.econbiz.de/10013317407
We examine whether structural transformation leads to growth and income inequality in Viet Nam. Using three rounds of the Vietnam Household Living Standards Survey (2002, 2006, and 2010), we estimate re-centered influence functions to construct a decomposition analysis. Our results indicate that...
Persistent link: https://www.econbiz.de/10011618933