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This paper attempts to investigate the causal linkages between financial development, financial instability and poverty in Pakistan in the presence of structural changes. In addition to conventional finance growth relationship, this study presents empirical evidence whether credit expansion...
Persistent link: https://www.econbiz.de/10013043109
countries since the collapse of communism. Most countries experienced an increase in wage inequality during the initial shock of … inequality. These changes are arguably the best guide to future trends in the wage distribution. Taking the case of Poland …, rising inequality appears to be entirely accounted for by an increased incidence of workless households. This rise in …
Persistent link: https://www.econbiz.de/10011400803
We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in …: the high initial manufacturing wage premium and the high level of income inequality. The manufacturing wage premium … declined between the 1980s and the 2000s in the United States, but it does not explain the contemporaneous rise in inequality …
Persistent link: https://www.econbiz.de/10012052312
, social and cultural functions of economic structures, coastal regions and port cities have developed. Their high degree of … which way coastal regions, port cities, branches and enterprises of the maritime economy are developing under the conditions …
Persistent link: https://www.econbiz.de/10010497866
Persistent link: https://www.econbiz.de/10003783781
Persistent link: https://www.econbiz.de/10001614552
We find very fast convergence in productivity for the 99 3-digit European industries over the 1985-1998 period. According to our estimates half of any productivity gap is closed on average in 10 years. The speed of convergence is much higher than obtained previously in the literature....
Persistent link: https://www.econbiz.de/10011491798
Growth of per-capita income is associated with (i) significant shifts in the sectoral economic structure, (ii) systematic changes in relative prices and (iii) the Kaldor facts. Moreover, (iv) cross-sectional data shows systematic expenditure structure difference between rich and poor households....
Persistent link: https://www.econbiz.de/10009738619
Growth is associated with (i) shifts in the sectoral structure of the economy, (ii) changes in relative prices and (iii) the Kaldor facts. Moreover, (iv) cross-sectional data shows systematic differences in the expenditure structure across income groups. This paper presents a growth model which...
Persistent link: https://www.econbiz.de/10010342236
Unlike in Asia, the manufacturing sector has not (yet) become a driver of structural change in Africa. One common explanation is that the natural resource-focus of many African economies leads to Dutch disease effects. To test this argument for the case of newly found oil in Ghana we develop a...
Persistent link: https://www.econbiz.de/10009570498