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This paper discusses a number of questions with regard to Sweden's economic and political development: How did Sweden … become rich? What explains Sweden's high level of income equality? What were the causes of Sweden's problems from 1970 to … 1995? How is it possible that Sweden, since the crisis of the early 1990s, is growing faster than most EU countries despite …
Persistent link: https://www.econbiz.de/10009012602
Purpose: The paper aims to estimate the effect of inequality on the economic growth of Balkan countries for the period 2001-2017. In addition, the effect of capital stock on GDP per capita (GDPpc) for the Balkan countries was estimated. The low level of financial inclusion on the Balkan region...
Persistent link: https://www.econbiz.de/10013323931
This paper investigates the effect of firm-level investment on the levels of income inequality and poverty. Using a … sample of firms from 87 countries for the period from 1979 to 2018, we document that firm-level investment is negatively … investment proxies, empirical model specifications, and a variety of country-level controls. Further evidence shows that firm …
Persistent link: https://www.econbiz.de/10014238707
This paper studies two striking stylized facts about China's reform: that the output growth in the early stage of the reform is mainly due to productivity growth, and that the income inequality is increasing over time. This paper is a preliminary attempt in understanding these two facts in an...
Persistent link: https://www.econbiz.de/10014146355
and higher fertility rates, but not necessarily lower investment shares. The first two effects are harmful for growth and … inequality is held constant, public redistribution negatively affects economic growth. Redistribution hampers investment and …
Persistent link: https://www.econbiz.de/10011309192
Recently, some influential empirical studies found evidence in favour of a negative relationship between income inequality and economic growth, implying the conclusion that inequality reducing policies will foster economic growth. The studies have in common that they all rely on the System GMM...
Persistent link: https://www.econbiz.de/10011627022
Income inequality in many middle-income countries has increased at an alarming level. While the time series relationship between income inequality and economic growth has been extensively investigated, the causal and dynamic link between them, particularly for the middle-income countries, has...
Persistent link: https://www.econbiz.de/10012022305
The goal of this research paper is to empirically assess the potential effects of macroeconomic determinants of economic growth and to determine the impact of income inequality on economic growth in the long-run in ten former socialist countries from Central and Eastern Europe (CEE) which are...
Persistent link: https://www.econbiz.de/10011841826
. Governments need to support private investment and entrepreneurship by investing in human capital and infrastructure; developing … external trade and finance - including foreign direct investment, remittances, and aid - play a critical role. It is therefore …
Persistent link: https://www.econbiz.de/10008658813
production on the one hand, and aggregate savings, investment, and macroeconomic growth on the other. Tractable models …
Persistent link: https://www.econbiz.de/10014024200