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alive, enterprises afloat, and households out of poverty. The pandemic has macroeconomic dimensions. First, it affects … deficit and debt ratios. This paper discusses these macroeconomic dimensions, focusing on the developing world. The paper …
Persistent link: https://www.econbiz.de/10012228062
This paper provides new empirical findings on the aid-growth relation. We find evidence for considerable asymmetry in the aid-growth relation; i.e., aid cuts have a large negative impact on economic activity, while increasing aid may be ineffective in promoting growth. Development aid thus...
Persistent link: https://www.econbiz.de/10014502327
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Hardly any studies have investigated the impact of migrant remittances on economic growth (EG) and inequality in the Western Balkans as a whole (WB6). Using the method of instrumental variables (VI), the findings show that while remittances influence economic growth, their inflow also promotes a...
Persistent link: https://www.econbiz.de/10012506307
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poverty in the EU over the period 1994–2008. We pay particular attention to the effects of macroeconomic environment, social … transfers that do not include pensions, exert a prominent impact on inequality and poverty. Also significant is the effect of … the GDP per capita. The impact of employment on inequality and poverty is not empirically sound. The same holds for the …
Persistent link: https://www.econbiz.de/10012937941
This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...
Persistent link: https://www.econbiz.de/10009528938
possibility of reducing inequality and poverty through equity market liberalization. -- income inequality ; equity market …
Persistent link: https://www.econbiz.de/10009723948
We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel overlapping generations model with three social classes: the rich, the middle class, and the poor. We show that there is an initial phase in which no social class invests in higher...
Persistent link: https://www.econbiz.de/10011439186