between inequality and growth via growth and inequality shocks for two large economies, China and the USA, for the years 1979 …Understanding the relationship between income inequality and economic growth is of utmost importance to economists and …- 2018. We find that a growth shock is inequality-increasing, and an inequality shock is growthreducing. We also find …

In this paper, we analyse Okun's law - a relation between the change in the unemployment rate and GDP growth - using … fruitful. In terms of dynamic effects, a shock to GDP growth has robustly negative effects on the change in the unemployment …

Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … provide detailed evidence on the determinants of outward FDI from the US. FDI is higher in countries that are close to the US …