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Economic freedom and income inequality : does political regime matter?
Ahmad, Mahyudin - In: Economies : open access journal 5 (2017) 2, pp. 1-28
There is a growing literature studying the effects of economic freedom and democracy on income inequality; nevertheless …-economic freedom nexus and uncovers the role of political regime in explaining the relationship. Using the latest inequality data from … panel GMM estimation method, an inequality model that explicitly captures the interaction effect of economic freedom and …
Persistent link: https://www.econbiz.de/10011753998
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Why economic growth trends differ so much across developing countries : the globalization debate and its relevance to Pakistan
Nunnenkamp, Peter - 2002
The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance differs tremendously across developing countries. We...
Persistent link: https://www.econbiz.de/10011495392
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New General Theory of Economic Development : Innovative Growth and Distribution
Lee, Yong-Shik - 2020
Economic development, which refers to the process of progressive transformation of an economy, is a multifaceted term without a universal definition. This article presents the constitutive elements of economic development, such as growth, distribution, and innovation. Economic development has...
Persistent link: https://www.econbiz.de/10012849707
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Why economic growth trends differ so much across developing countries: the globalization debate and its relevance to Pakistan
Nunnenkamp, Peter - 2002
The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance differs tremendously across developing countries. We...
Persistent link: https://www.econbiz.de/10010265520
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Growth and Distribution Analysis in SAM Models : Developing Countries
Cohen, S. I. - 2016
The paper introduces the social accounting matrix, SAM, and treats the conversion of the SAM into an economy wide model that employs fixed relative prices and clears market imbalances via flexible quantities. The paper reviews multiplier results relating to the trade-off between economic growth...
Persistent link: https://www.econbiz.de/10012997948
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Does Globalization Cause Inequality in Developed Countries in the Long Run? Empirical Evidence from 25 OECD Economies
Sen, Rahul; Rajaguru, Gulasekaran; Srivastava, Sadhana; … - 2020
The debate that rapid globalization over the past decades is a leading cause of increased income inequality within developed economies has been far from conclusive, including Dorn et al. (2018). We depart from existing studies by extending an earlier empirical framework by Gaston and Rajaguru...
Persistent link: https://www.econbiz.de/10014031610
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When unstable, growth is less pro-poor
Guillaumont, Patrick; Korachais, Catherine - 2010
Macroeconomic instability has been increasingly considered as a factor lowering average income growth and, in this way, is a factor slowing down poverty reduction. But it can also result in slower poverty reduction for a given average rate of growth, due to poverty traps, often examined at the...
Persistent link: https://www.econbiz.de/10008662270
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Economic growth, financial development, and income inequality
Park, Donghyun; Shin, Kwanho - 2015
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...
Persistent link: https://www.econbiz.de/10011305273
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Growth, inequality and labor markets in LDCs : a survey : presented at CESifo Venice Summer Institute, Workshop on dissecting globalization, July 2004
Qimḥî, Ayyāl - 2004
This paper surveys the empirical literature on the association between growth on inequality in less developed countries, with a particular emphasis on labor market inequality. Crosscountry studies failed to find a clear link from growth to inequality. Country-specific studies that focused on...
Persistent link: https://www.econbiz.de/10011450868
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When is Growth Pro-Poor? Cross-Country Evidence
Kraay, Aart - 2006
Growth is pro-poor if the poverty measure of interest falls. This implies three potential sources of pro-poor growth: (a) a high rate of growth of average incomes; (b) a high sensitivity of poverty to growth in average incomes; and (c) a poverty-reducing pattern of growth in relative incomes. I...
Persistent link: https://www.econbiz.de/10012783215