Showing 1 - 10 of 3,475
Persistent link: https://www.econbiz.de/10011513980
Understanding the relationship between income inequality and economic growth is of utmost importance to economists and … between inequality and growth via growth and inequality shocks for two large economies, China and the USA, for the years 1979 …- 2018. We find that a growth shock is inequality-increasing, and an inequality shock is growthreducing. We also find …
Persistent link: https://www.econbiz.de/10012404500
This paper examines the relationship between trade (exports), growth, and inequality, using a panel of 100 countries … of trade (exports) on growth. The findings are that in general trade openness advances growth while inequality reduces … growth. However, when we identify an inequality threshold, we find that inequality is positively associated with growth if …
Persistent link: https://www.econbiz.de/10010465444
An influential paper by Berg et al., 'Redistribution, inequality, and growth: new evidence', uses the SWIID data to … examine the impact of inequality and redistribution on growth in both developing and developed countries. It finds that while … inequality is harmful for growth, redistribution does not hamper growth. This comment demonstrates that the redistribution and …
Persistent link: https://www.econbiz.de/10012299793
inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main … finding is that financial development contributes to reducing inequality up to a point, but as financial development proceeds … further, it contributes to greater inequality. We also find that when the ratio of primary schooling to total schooling …
Persistent link: https://www.econbiz.de/10011305273
a poverty trap and endogenous growth. The resulting equilibrium dynamics inherit the properties of government policies … eliminate the poverty trap; when these conditions do not hold, "most" countries eventually reach a balanced growth path. The …). We show that optimal policy that takes into account SPI transforms a standard concave growth model into a model with both …
Persistent link: https://www.econbiz.de/10011437000
poverty trap and endogenous growth. The predictions of the model are tested by developing three new measures of SPI for a … that the optimal policy that takes into account SPI transforms a standard concave growth model into a model with both a … particular, we show via simulations that optimal policy causes the economy to expand on a quasi-balanced growth path, with the …
Persistent link: https://www.econbiz.de/10011566542
Persistent link: https://www.econbiz.de/10012415625
This paper examines the determinants of economic growth, income inequality, and their relationship in the context of … significantly equalizing link with income distribution. In addition, the current level of inequality and growth is positively … associated with the previous level of inequality and growth. Finally, human capital investment is positively related with the …
Persistent link: https://www.econbiz.de/10013143699
Persistent link: https://www.econbiz.de/10011928104