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Global and domestic inequalities and the political economy of the midde-income trap
Flechtner, Svenja; Panther, Stephan - 2017
Some middle-income economies, many of which Latin American, have not achieved to make the transition into high-income status for long years and are allegedly trapped in middle-income status. While there is considerable consensus on the proximate causes of this phenomenon, we present a global...
Persistent link: https://www.econbiz.de/10011957945
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Growth and Distribution Endogenously Determined : A Theoretical Model and Empirical Evidence
Garza, Nestor; Borrero, Hernan - 2023
We build upon an already known but scarcely developed feature of growth theory: the importance of asset distribution in an aggregate production function. We elaborate on a simple model of two individuals, and then generalize its deductions to an extended model of n agents, concluding that...
Persistent link: https://www.econbiz.de/10014254533
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Reciprocity in the Ftaa : The Roles of Market Access, Institutions and Negotiating Capacity
Nogues, Julio J. - 2003
The benefits of the FTAA to Latin American countries will materialize through two channels: improved access to the region's markets, and enhanced growth prospects through the strengthening of basic economic institutions. Furthermore, the importance of these negotiations is heightened by the fact...
Persistent link: https://www.econbiz.de/10014074762
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Measuring Inequality of Opportunity with Latent Variables
Chávez-Juárez, Florian - 2013
In this paper I show that recently proposed methods to quantify the level of inequality of opportunity are likely to be … the bias substantially. Using data from Mexico, it is found that inequality of opportunity of the broader concept of … economic well-being is more than twice as high as inequality of opportunity in log income, which is commonly used as a proxy of …
Persistent link: https://www.econbiz.de/10013089990
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Scale vs. Translation Invariant Measures of Inequality of Opportunity When the Outcome is Binary
Chávez-Juárez, Florian - 2015
This paper discusses the measurement of ex-ante inequality of opportunity for binary outcome variables. We argue that … the use of scale but not translation invariant inequality measures such as the dissimilarity index might be problematic …
Persistent link: https://www.econbiz.de/10013035899
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Vote-Buying and Growth
Gersbach, Hans; Mühe, Felix - 2008
Vote-buying is widely used by parties in developing countries to influence the outcome of elections. We examine the impact of vote-buying on growth. We consider a model with a poverty trap where redistribution can promote growth. We show that vote-buying contributes to the persistence of poverty...
Persistent link: https://www.econbiz.de/10011753158
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Vote-buying and growth
Gersbach, Hans; Mühe, Felix - 2008
Vote-buying is widely used by parties in developing countries to influence the outcome of elections. We examine the impact of vote-buying on growth. We consider a model with a poverty trap where redistribution can promote growth. We show that vote-buying contributes to the persistence of poverty...
Persistent link: https://www.econbiz.de/10003762209
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Can democracy educate a society?
Gersbach, Hans (contributor); Siemers, Lars (contributor) - 2005
We examine whether democratic societies can escape poverty traps. Unrestricted agenda setting with simple majority rules fail to educate a society, because education-enhancing redistribution will not occur. We show that a combination of suitable constitutional rules overcomes this impossibility...
Persistent link: https://www.econbiz.de/10003039641
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Vote-Buying and Growth
Gersbach, Hans; Muehe, Felix - 2008
Vote-buying is widely used by parties in developing countries to influence the outcome of elections. We examine the impact of vote-buying on growth. We consider a model with a poverty trap where redistribution can promote growth. We show that vote-buying contributes to the persistence of poverty...
Persistent link: https://www.econbiz.de/10014214499
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Human Capital, Political Change, and Long-Run Economic Growth
Doepke, Matthias - 2008
Since the mid-1980s, growth theorists have increasingly focused on human capital as a source of long-run economic growth. Recently, however, a number of studies have documented that the social returns of human-capital investment are fairly small, implying that the contribution of human capital...
Persistent link: https://www.econbiz.de/10014221039