Showing 1 - 10 of 1,541
Using the model proposed in Krugman and Taylor's "Contractionary effects of devaluation" (1978), we examine what macroeconomic effects of shocks to foreign prices. We show that these shocks can be contractionary for two reasons: (i) because they imply a loss of income if an economy has a trade...
Persistent link: https://www.econbiz.de/10014331852
Recent research has revealed enormous variation in performance and growth among firms, which both drives and is driven …
Persistent link: https://www.econbiz.de/10011417130
The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...
Persistent link: https://www.econbiz.de/10011335189
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require …
Persistent link: https://www.econbiz.de/10010469680
We contribute to the role of telecommunications infrastructure on economic growth in three ways. We separately examine … growth. We find that mobile services contribute much more to growth but that the effect diminishes as the provincial economy …
Persistent link: https://www.econbiz.de/10010399528
partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined … income data from the Luxembourg Income Study suggests that there is a negative relationship between growth and income …
Persistent link: https://www.econbiz.de/10011409838
We study the relationship between per-capita income and income inequality with a heterogeneous panel co-integration approach.We extend previous studies in two respects: first, we compile a more extensive data set for 61 countries over 26-51 years and consider measures for both pre-tax and...
Persistent link: https://www.econbiz.de/10011981849
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …
Persistent link: https://www.econbiz.de/10011451098
Persistent link: https://www.econbiz.de/10009769771
This paper estimates the distribution-led regime of the US economy for the period 1947-2019. We use a time varying …
Persistent link: https://www.econbiz.de/10012814160