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Demand and Growth Regimes (DGR) and Macroeconomic Policy Regimes (MPR) frameworks have taken prominence within the post … terms of aggregate demand and growth. In particular, it is possible to observe the MPR and DGR transition between 2002 and …
Persistent link: https://www.econbiz.de/10013500700
's growth path. A dynamic model of aggregate demand is estimated on a unique panel dataset from 46 countries that are further … suggest that, overall, growth is driven by investment in the short run and domestic demand in the long run. In the short run …, the results suggest that low female wages act as a stimulus to growth in SIEs but may promote contractionary pressures on …
Persistent link: https://www.econbiz.de/10012239618
This paper presents an empirical exercise, aimed at investigating the implications on poverty and income distribution of a reference scenario (SSP2) of economic development. It does so by coupling a dynamic general equilibrium model of the global economy, specifically designed to capture...
Persistent link: https://www.econbiz.de/10012836919
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10009739171
growth rate increases inequality, as measured by both the Gini index and the top-income shares. To establish the effect on …
Persistent link: https://www.econbiz.de/10012054552
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10014184424
In this paper we investigate the effects of technological progress on income distribution, and unemployment, in the framework of the original Harris-Todaro model. We study several forms of technological progress that takes place both in the urban and the rural sector of the economy. One basic...
Persistent link: https://www.econbiz.de/10014072280
This paper presents an empirical analysis of the controversial relationship between financial system development and economic development. Using cointegration and VAR estimations on annual data from Africa, we examine the nature of the relationship between financial development and income. We...
Persistent link: https://www.econbiz.de/10013143224
Persistent link: https://www.econbiz.de/10010389864
Persistent link: https://www.econbiz.de/10011862597