Showing 1 - 10 of 528
The author provides theoretical and empirical evidence of a negative association between income inequality and real … exchange rates. First, he builds a theoretical model showing the transmission mechanism from inequality to real exchange rates … negative relationship between inequality and real exchange rates does not imply that policies aimed at dramatic redistribution …
Persistent link: https://www.econbiz.de/10005079501
income inequality, little empirical research has been conducted to compare their relative explanatory power. The authors … examine the relation between financial intermediary development and income inequality in a panel data set of 91 countries for … the period 1960-95. Their results provide evidence that inequality decreases as economies develop their financial …
Persistent link: https://www.econbiz.de/10005128634
Comparing changes in inequality with initial levels, using new data, the author finds that within-country inequality in … allow for serially independent measurement error in inequality data and for short-run dynamics around longer-term trends … the pattern. The author offers an approach to modeling the determinants of inequality that may be a starting point for …
Persistent link: https://www.econbiz.de/10005030516
most vulnerable groups in the society, it is important to understand the nature of poverty and income inequality. The … author addresses the following questions: What is the extent of income inequality and is it increasing? How can observed … changes in inequality be explained? Is the burden of income tax evenly distributed across the population? The Ukranian data …
Persistent link: https://www.econbiz.de/10005116366
income inequality is greater. …
Persistent link: https://www.econbiz.de/10004989707
The neoclassical theory of project evaluation is based on models in which agents discount the future at a constant exponential rate. But there is strong empirical evidence that people discount the future hyperbolically, applying larger annual discount rates to near-term returns than to returns...
Persistent link: https://www.econbiz.de/10005116172
This paper analyzes C?e d'Ivoire's experience with telecommunications liberalization and privatization. C?e d'Ivoire privatized its incumbent operator in 1997, and granted the newly privatized firm seven years of fixed-line exclusivity while introducing"managed competition"in the cellular market...
Persistent link: https://www.econbiz.de/10005079930
The authors investigate whether resident enterprise managers have an informational advantage about the countries in which they work. They propose a method for extracting information available to resident managers but unknown to investors and forecasters. They rest their hypothesis of...
Persistent link: https://www.econbiz.de/10005080040
A major result of the Uruguay Round was the creation of a General Agreement on Trade in Services (GATS). The GATS greatly extends coverage of the multilateral trading system, establishing rules and disciplines on policies affecting access to service markets. In this paper, the author asks: what...
Persistent link: https://www.econbiz.de/10005080143
Establishing an investment promotion agency has become a central part of most countries'development strategies. Today there are more than 150 investment promotion agencies worldwide. Yet very little is known about what these agencies have been really doing, notably in emerging countries, and...
Persistent link: https://www.econbiz.de/10005080161