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This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011398011
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010510592
. Innovation takes place in a rich North while norms in a poor South imitate products manufactured in North. Introducing non …
Persistent link: https://www.econbiz.de/10011374049
This paper presents a dynamic North-South general equilibrium model with nonhomothetic preferences. Innovation takes …
Persistent link: https://www.econbiz.de/10009669642
Never in the past 30 years has productivity growth been lower than since the 2008 global financial crisis, and never has income inequality been higher than it is today in Japan, and in the OECD area. The two challenges have some common origins, including a widening productivity and wage gap...
Persistent link: https://www.econbiz.de/10011732717
of income inequality-innovation nexus and empirical evidence are counter intuitive. Therefore, the present study attempts … to examine a comparative analysis of income inequality, innovation and human capital relationship among the 15 Asia … relationship between income inequality, innovation and human capital development. Results of the bounds co-integration test …
Persistent link: https://www.econbiz.de/10014345339
This article presents an analysis of the models that have been developed in the literature to account for the rise in wage inequality during the 1980s and the 1990s. These models build upon the assumption of an acceleration in the rate of technological progress associated with the diffusion of...
Persistent link: https://www.econbiz.de/10014219742
COVID-19 has been a tragedy for California. More than 4 million Californians have contracted the disease, and over 64,000 have died from it. And beyond the cost of illness and death, the pandemic and the state’s actions to contain it have devastated California’s economy. Low-income and...
Persistent link: https://www.econbiz.de/10013309526
Persistent link: https://www.econbiz.de/10012099450