Never in the past 30 years has productivity growth been lower than since the 2008 global financial crisis, and never … for positive synergy between policies to promote productivity and inclusive growth. Exit policy should be improved to … facilitate the closure of non-viable firms, whose survival hampers the growth of viable firms in Japan. This would also increase …

This paper explores the connection between inequality and economic growth. First, it designs an endogenous theoretical … model of economic growth that predicts a quadratic relationship between the degree of inequality and the growth rate of the … income inequality (proxied by the Gini index) and the rate of growth of the economies. Moreover, the empirical evidence …

not only constrain future growth potential but are also accompanied by unequal opportunities that have inimical social … consequences. Income inequalities exhibit considerable variations across OECD countries, and growth performance records clearly … demonstrate that there does not have to be a trade-off between growth and equality. Understanding the drivers behind growing …

years if underlying global trends relating to growth, trade, inequality and environmental pressures prevail. For example …, global growth is likely to slow and become increasingly dependent on knowledge and technology, while the economic costs of …

This paper presents a macroeconomic agent based model with endogenous innovation-driven growth and knowledge … lower growth. The source of concentration lies in the fact that heterogeneous firms do not have equal access to capital … shift in the income distribution from wages to profits eventually undermines aggregate demand and growth. Yet, simulation …

strong economic growth, pockets of vast wealth, and an extensive social welfare system. California has the largest economy of … States’ 724 billionaires. Clearly there is a mismatch between the state’s growth and wealth and the struggles of many of its …