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between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … (economic growth). Our findings for the Associations of Southeast Asian Nations (ASEAN), People Republic of China and India (ACI …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U …
Persistent link: https://www.econbiz.de/10010531112
-economy model with endogenous productivity growth, demand driven output and income distribution as an important determinant of … equilibria for output, productivity and employment growth rates in the formal sector. In the long-run, the model allows for … multiple equilibria which can describe cases of (a) underdevelopment and structural heterogeneity or (b) sustained growth and …
Persistent link: https://www.econbiz.de/10010288105
-economy model with endogenous productivity growth, demand driven output and income distribution as an important determinant of … equilibria for output, productivity and employment growth rates in the formal sector. In the long-run, the model allows for … multiple equilibria which can describe cases of (a) underdevelopment and structural heterogeneity or (b) sustained growth and …
Persistent link: https://www.econbiz.de/10008937618
Market frictions prevent the efficient allocation of factors of production, slow down structural transformation and lead to costs in terms of lower output and aggregate total factor productivity (TFP). We use a theoretical framework developed by Aoki (2012) featuring sector-specific frictions on...
Persistent link: https://www.econbiz.de/10012960923
-economy model with endogenous productivity growth, demand driven output and income distribution as an important determinant of … equilibria for output, productivity and employment growth rates in the formal sector. In the long-run, the model allows for … multiple equilibria which can describe cases of (a) underdevelopment and structural heterogeneity or (b) sustained growth and …
Persistent link: https://www.econbiz.de/10010594722
--economy model with endogenous productivity growth, demand driven output and income distribution as an important determinant of … equilibria for output, productivity and employment growth rates in the formal sector. In the long--run, the model allows for … multiple equilibria which can describe cases of (a) underdevelopment and structural heterogeneity or (b) sustained growth and …
Persistent link: https://www.econbiz.de/10008838122
implications for economic development. Using National Accounts Statistics and cross-county data, we show that the growth of … services has been broad-based. We show that the growth of service sector employment is not simply disguised manufacturing … underscores the importance for India of continuing to invest in labour skills. We conclude that sustaining economic growth and …
Persistent link: https://www.econbiz.de/10009363516
foreconomic development. Using National Accounts Statistics and cross-county data, weshow that the growth of services has been … broad-based. We show that the growth ofservice sector employment is not simply disguised manufacturing activity. We alsofind … of continuing to invest in labour skills. We conclude that sustainingeconomic growth and raising living standards will …
Persistent link: https://www.econbiz.de/10008500230
This paper reconsiders two questions relating to India's economic growth: structural breaks in growth and the impact of … equipment investment on aggregate economic growth. First, statistical tests of structural change show that economic growth in …, substantial growth accelerations, i.e. increase of more than 1.0% per annum in the growth rate of per capita real GDP, occurred …
Persistent link: https://www.econbiz.de/10012136993
This paper examines the link between structural change and growth in India. It constructs indices of structural change … from structural change to growth for the period 2000- 2006. This finding emerges only if one assumes that the disturbances …
Persistent link: https://www.econbiz.de/10010211293