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more than a century. The changes in aggregate or average income is a good measure for economic growth but is far from being … moreover to investigate the role and the effects on socio-economic growth. Keywords: Income distribution, inequality, poverty …, convergence, growth. …
Persistent link: https://www.econbiz.de/10011318991
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 paper analyzes the dynamic properties of the neoclassical one-sector growth model with differential savings in the …
Persistent link: https://www.econbiz.de/10009471680
In Kaleckian models of distribution and growth the equilibrium rate of capacity utilisation may persistently diverge …-run endogeneity. Generally, we show that in a Kaleckian monetary distribution and growth model, which takes the major features of a …
Persistent link: https://www.econbiz.de/10003744529
Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission …
Persistent link: https://www.econbiz.de/10003836933
Persistent link: https://www.econbiz.de/10003970084
Persistent link: https://www.econbiz.de/10009374195
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
. A series of shocks, especially the fuel and food price crisis of 2008, combined with poor productivity growth in …
Persistent link: https://www.econbiz.de/10010511245
Combining consensus forecasts of growth of population and real incomes during 2014-35 with household income surveys for … 2013, and we project that it will decline further to 61 in 2035, largely owing to rapid economic growth in the emerging … projected GDP growth. …
Persistent link: https://www.econbiz.de/10010514442