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Capital flows and endogenous growth
Komarov, Evgenij - 2021 - This version: November 18, 2021
So-called "uphill capital flows", i.e. flows of physical capital from relatively poor to rich countries, are a new phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and physical capital to study the interaction of international...
Persistent link: https://www.econbiz.de/10012696550
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Inequality and growth : Marxian and post-Keynesian/Kaleckian perspectives on distribution and growth regimes before and after the Great Recession
Hein, Eckhard - 2018
The re-distribution of income from labour to capital, from workers to top-managers, and from low income households to the rich has been an important feature of financedominated capitalism since the early 1980s. After the Great Financial Crisis and the Great Recession in 2007-9, the recovery has...
Persistent link: https://www.econbiz.de/10011790517
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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
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Innovation and inequality in a small world
Lindner, Ines; Strulik, Holger - 2017
We present a multi-country theory of economic growth and R&Ddriven technological progress in which countries are …
Persistent link: https://www.econbiz.de/10011665033
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Innovation and inequality in a small world
Lindner, Ines; Strulik, Holger - 2017
We present a multi-country theory of economic growth and R&D-driven technological progress in which countries are …
Persistent link: https://www.econbiz.de/10011688459
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Factor income distribution and endogenous economic growth : when Piketty meets Romer
Irmen, Andreas; Tabaković, Amer - 2016
We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …
Persistent link: https://www.econbiz.de/10011568791
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Factor Income Distribution and Endogenous Economic Growth - When Piketty Meets Romer
Irmen, Andreas - 2017
We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …
Persistent link: https://www.econbiz.de/10012965706
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Indeterminacy and the Distribution of Growth Rates
Greiner, Alfred; Krüger, Jens J. - 2012
In endogenous growth theory models exist which are characterized by local and global indeterminacy. These concepts …
Persistent link: https://www.econbiz.de/10014122878
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Chapter 10 Explaining cross-country income differences
McGrattan, Ellen R.; Schmitz, James A. - In: Handbook of macroeconomics : volume 1, part A, (pp. 669-737). 1999
variables are included as explanatory variables. Estimates found using quantitative theory depend in critical ways on values of …
Persistent link: https://www.econbiz.de/10014024240
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Inequality, Openness, and Growth through Creative Destruction
Jäggi, Adrian; Schetter, Ulrich; Schneider, Maik T. - 2021
We examine how inequality and openness interact in shaping the long-run growth prospects of developing countries. To this end, we develop a Schumpeterian growth model with heterogeneous households and non-homothetic preferences for quality. We show that inequality affects growth very differently...
Persistent link: https://www.econbiz.de/10013244297