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The main objective of this article is to investigate both linear and nonlinear effects of inflation on income inequality and to test the Kuznets hypothesis using panel data of 24 developed countries (DCs) and 66 developing countries (LDCs) observed over the period of 1990 to 2014. Additionally,...
Persistent link: https://www.econbiz.de/10012888688
The main objective of this article is to investigate both linear and nonlinear effects of inflation on income inequality and to test the Kuznets hypothesis using panel data of 24 developed countries (DCs) and 66 developing countries (LDCs) observed over the period of 1990 to 2014. Additionally,...
Persistent link: https://www.econbiz.de/10012889689
The aim of this article is to examine how agriculture and non-agriculture growth and inflation affect income inequality. The multivariate panel data approach is used to examine the application of Kuznets hypothesis between income inequality and agriculture and non-agriculture sector growth and...
Persistent link: https://www.econbiz.de/10012860411
This paper investigates the association between market power and bank liquidity across 113 developed and developing countries. Using bank-level measures of market power (both a conventional and a funding-adjusted Lerner index) and Generalised Methods of Moments estimators, we find an inverse...
Persistent link: https://www.econbiz.de/10013090350
Using novel data on military spending for 129 countries in the period 1988–2013, this paper provides new evidence on the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks with an exogenous variation in military spending,...
Persistent link: https://www.econbiz.de/10012888988
The homogenisation of finance that has dramatically increased the proclivity to instability and crisis is directly related to the very structure of regulations that have discouraged different types of institutions from emerging and/or and surviving. In developing countries they have the further...
Persistent link: https://www.econbiz.de/10013044755
Persistent link: https://www.econbiz.de/10010248527
In this paper, we study the impact of fragmented politics on public debt-in particular, between two consecutive … between political fragmentation and public debt changes. Corruption magnifies the effects; with higher perceived corruption …, political fragmentation has a bigger sway on debt increases. The influence of political fragmentation on debt dynamics is …
Persistent link: https://www.econbiz.de/10012977774
This paper examines whether there is any linkage between high levels of sovereign debt and the size of the elderly … precepts of prudent management of finances, that nations with large populations of elderly would have lower sovereign debt … positive and significant correlation between the percentage of people 65 and older and the sovereign debt/GDP ratio. On the …
Persistent link: https://www.econbiz.de/10013003794
In this paper, we empirically investigate the effect of entrepreneurship on economic growth at the country level. We use data from the Global Entrepreneurship Monitor, which provides comparative data on entrepreneurship from a wide range of countries. An important element of this paper is that...
Persistent link: https://www.econbiz.de/10003915559