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The debate on whether democracy and inequality increase the level of redistribution in a country is still ongoing. We construct a model that predicts a higher probability of redistribution in democracies than in autocracies. Further, with higher initial inequality, there should be more...
Persistent link: https://www.econbiz.de/10010528158
The debate on whether democracy and inequality increase the level of redistribution is ongoing. We construct a model that predicts higher probability of redistribution in democracies than autocracies through social transfers. Higher inequality leads to more redistribution in democracies but not...
Persistent link: https://www.econbiz.de/10011596960
The aid effectiveness principles have limits if the recipient is fragile. The problem of relevance exists if the recipient has an authoritarian or totalitarian regime. In situations of weak statehood and fragility, a large portion of aid would likely bypass the state because of high demand for...
Persistent link: https://www.econbiz.de/10014234425
impact of these shocks on economic growth. This paper reviews the literature on macroeconomic vulnerability and finds that …
Persistent link: https://www.econbiz.de/10010293290
consumers, and what the growth potential of these goods is. While, all else equal, the North tends to lose more (or gain less …
Persistent link: https://www.econbiz.de/10010295303
literature has turned decidedly pessimistic with respect to the ability of foreign aid to foster economic growth. Policy … assesses the aid-growth literature with a focus on recent contributions. The aid-growth literature is then framed, for the … and statistically significant causal effect on growth over the long run with point estimates at levels suggested by growth …
Persistent link: https://www.econbiz.de/10010323535
The paper aims to enhance the existing literature on the debt-growth nexus by analysing the relationship in two … approach that allows for heterogeneity in the causal relationship between debt and growth. Irrespective of the debt measure …. The extreme bounds analysis shows that the relationship between a debt measure and economic growth is robust to changes in …
Persistent link: https://www.econbiz.de/10010330116
world growth of CO2 emissions between 2000 and 2020 is about 2.2% per year, while that of Non Annex 1 countries is posted at …
Persistent link: https://www.econbiz.de/10011608550
growth and the quantity of pollutants produced in the process has recently increased significantly. In several cases …
Persistent link: https://www.econbiz.de/10011608829
Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim … to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing … economies. To fix ideas we present an extension of Barro, Mankiw and Sala-i-Martin?s (1995) growth model that incorporates two …
Persistent link: https://www.econbiz.de/10010263207