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Persistent link: https://www.econbiz.de/10009666505
role to play, if at all, but the interaction between distribution and growth is at the centre of Marxian and post …-Keynesian/Kaleckian approaches when it comes to explaining medium- to long-run trends of economic growth - and stagnation. In this contribution we … will thus provide Marxian and Kaleckian assessments of the distribution and growth regimes under finance …
Persistent link: https://www.econbiz.de/10011790517
At the core of the formation of the European Union (EU) in 1993 was the economic goal to create a European Common Market to ensure freer trade and perhaps to create an egalitarian Europe. The post-1993 period saw the biggest enlargement of the EU to date from a meagre 3 member countries...
Persistent link: https://www.econbiz.de/10012485951
country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …
Persistent link: https://www.econbiz.de/10012619417
physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …
Persistent link: https://www.econbiz.de/10012696550
its effects on economic growth in SSA. The study spans the period 1995-2015, focusing on 31 SSA countries. Findings from … economic growth via the saving transmission channel, while it has a statistically significant negative effect on economic … growth in the region through the channels of fertility, credit market imperfection, and fiscal policy. …
Persistent link: https://www.econbiz.de/10012302796
We provide a North-South Schumpeterian growth model endogenously generating demand-driven patterns of vertical intra … and challengers, and by extension the long-run growth rate. We then investigate the impact of within-region redistribution …-run growth. We particularly find that a larger income gap within regions contributes to lowering growth and increasing the inter …
Persistent link: https://www.econbiz.de/10010734577
One of the most interesting facts about the growth of developed nations, especially of the US growth, in the last three … decades is significant growth of the ratio of the wage of skilled labor to that of unskilled labor. At the same time, existing … growth which is common to all developed countries and which can explain the greatest part of education cost ratio increase in …
Persistent link: https://www.econbiz.de/10010321661
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010510592
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273