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The gap between the average income per capita levels of the poorest and the richest nations has increased during the recent eras of globalization. This paper reviews the evidence on the determinants of the disparities in per capita incomes, which has focused on the role of institutions in...
Persistent link: https://www.econbiz.de/10014223292
This paper investigates the synchronization of Hong Kong SAR's economic growth with mainland China and the United … confirms whether real consumption in Hong Kong SAR and mainland China satisfy the permanent income hypothesis, at least in a … mainland China and the United States affect the Hong Kong economy, and how such influences evolve over time. The paper's main …
Persistent link: https://www.econbiz.de/10012950438
global middle class in China and 33 other countries and analyze China's expanding middle class in international perspective …. China's global middle class has grown rapidly and has been catching up with that in developed countries. By 2018 China …'s global middle class constituted 25 percent of China's population; in absolute size it was nearly double the size of the …
Persistent link: https://www.econbiz.de/10014087986
This paper develops a two-country model of international trade in which citizens who are heterogeneous with respect to their factor endowments vote over tariffs and income tax rates. In the politico-economic equilibrium, each country chooses its national policies by majority voting, taking the...
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The paper empirically examines the effects of trade liberalisation on income inequality in China and the South Asian …
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