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Starting from the perspective of heterodox Keynesian-Minskyian-Kindlebergian financial economics, this paper begins by highlighting a number of mechanisms that contributed to the current financial crisis. These include excess liquidity, income polarisation, conflicts between financial and...
Persistent link: https://www.econbiz.de/10005056491
This paper discusses dimensions of inequality in sub-Saharan Africa and their causes. It starts with a review of the empirical evidence about inequality during the colonial period as well as the post-independence era. Then it discusses the forces that determine inequality change, focusing on...
Persistent link: https://www.econbiz.de/10010249771
optimal anti-poverty budgetary rules for two kinds of intervention, direct income transfers and wage employment programmes. …
Persistent link: https://www.econbiz.de/10011513949
inequality and poverty to changes in factor endowments and changes in economic and employment structures. We also provide some …This paper seeks to measure and explain changes in incomes, inequality, and poverty in Kenya. It starts from a very … income, inequality and poverty over time, and to explain why they evolved in the way they did. We relate changes in …
Persistent link: https://www.econbiz.de/10010411248
by falling poverty and fairly stable, or even declining, income inequality. Subsequently, from about the mid-1970s … onwards, a cumulative process of non-farm diversification took hold, and was accompanied by further growth and poverty decline … growth in inequality and has played a particularly pronounced role in reducing poverty. …
Persistent link: https://www.econbiz.de/10011997574
For several decades, the international community has aspired to integrate the social, economic and environmental dimensions of sustainability. Yet, no country has achieved the patterns of consumption and production that could sustain global prosperity in the coming decades. Thus, with the...
Persistent link: https://www.econbiz.de/10013058063
This paper investigates the effect of firm-level investment on the levels of income inequality and poverty. Using a …-level investment is also negatively related to several measures of poverty. Overall, our results indicate that firm-level capital … reducing inequality and poverty. Our results may also be beneficial to policy makers as they consider a variety of regulatory …
Persistent link: https://www.econbiz.de/10013433227
investment (FDI) on cross-country differences in productivity. We construct a spatial Gini coefficient of labor productivity … across countries, and weighted indices of FDI and gross domestic investment (GDI). We then examine their time series … properties to explore the relations of FDI and GDI with productivity. Although we find little evidence of FDI flows - which have …
Persistent link: https://www.econbiz.de/10012723175
opposed to absolute poverty. If one accepts that taxation is to fund public services, the question arises, at least in … issue of which is more pressing, relative as opposed to absolute poverty?The contention in this paper is that there is a far …
Persistent link: https://www.econbiz.de/10012828633
This paper aims to study the impacts of financial development, urbanization, and globalization on income inequality in the People's Republic of China. It applies the regression-based inequality decomposition approach on a panel dataset, which is aggregated from a unique database of financial...
Persistent link: https://www.econbiz.de/10011594242