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Hardly any studies have investigated the impact of migrant remittances on economic growth (EG) and inequality in the … Western Balkans as a whole (WB6). Using the method of instrumental variables (VI), the findings show that while remittances … labor market and encouraging uncontrolled individual relocation. This paper also reveals that although remittances have …
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The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
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This paper examines both the determinants and the effects of changes in the rigidity of labor market legislation across countries over time. Recent research identifies the origin of the legal system as being a major determinant of the cross-country variation in the rigidity of employment...
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The process of structural transformation forms the very basis of economic growth and development. This paper analyses the implications of alternate patterns of structural change for changes in the overall distribution of income within an economy. An empirical analysis is carried out based on...
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This paper focuses on the relationship between economic growth and the distribution of the income. However, previous attempts to answer this question have ignored, for the most part, government social spending, aimed at redistributing wealth. Using data from 40 countries over 80 country-years,...
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