a relatively robust growth of high-skill-specific productivity. Their GDP growth failed to reflect that because they …

: in order to compensate for financial frictions, workers save and work more, leading to lower wage and consumption growth …

cross-sectional behavior of the world economy is similar to that of existing exogenous growth models: Cross … their terms of trade. Our estimates imply that, all else equal, a 1 percentage point faster growth is associated with …

distribution, growth and international specialization. The model is explored both for the steady-state properties and the … transitory dynamics of integrated economies. Income inequality affects the patterns of growth and international specialization as …

production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop … of the structural conditions; we graphically show that the main determinants of endogenous economic growth and takeoff …; simplified scenarios are identified via numerical simulations, in which patterns of aggregate growth are obtained as an emerging …

High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … growth rate is a non-linear function of the income growth if policy makers try to influence economic growth. As a result …

between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … (economic growth). Our findings for the Associations of Southeast Asian Nations (ASEAN), People Republic of China and India (ACI …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U …

This paper analyzes the effects of personal income tax progressivity on long-run economic growth, income inequality and … effects (lower GDP growth and lower income inequality); and welfare effects (lower dispersion of consumption across … individuals and higher leisure levels, but also lower growth of future consumption). The social discount factor proves to be …

Starting from a review of the main strands of orthodox and heterodox distribution and growth models and their … variant of heterodox distribution and growth theories, we develop a simple modelling framework in which we can treat these … presented drawing on the relationship between the rate of profit and the rate of growth, as well as on the consideration of one …

change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth … shares and in automation capital. Second, we analyse and calibrate a neoclassical growth model extended to include factor …