Showing 1 - 10 of 5,559
This paper analyzes the interplay of growth, (re-)distribution and policies when the latter are set exogenously or when … the latter depend on economically important fundamentals. A redistribution policy generally causes lower growth, but less … growth. The paper shows that the long-run cross-country relationship between growth and endogenous policy is generally not …
Persistent link: https://www.econbiz.de/10010266883
The paper provides an empirical discussion of the national emergency utilization rate (NEUR), which is based on a "national emergency" definition of potential output and is published by the US Census Bureau. Over the peak-to-peak period 1989-2019, the NEUR decreased by 14.2 percent. The paper...
Persistent link: https://www.econbiz.de/10012548209
utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution …This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity … determined distribution (along classical lines). Second, it responds to some recent criticism by Girardi and Pariboni (2019). I …
Persistent link: https://www.econbiz.de/10012208160
division of land led to a more equal distribution of land; other potential drivers of growth are smooth at the boundary and …What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical … right-shifted skill, income, and wealth distribution. Higher top incomes and top wealth in equal division areas coincide …
Persistent link: https://www.econbiz.de/10012288516
, thus, endogenous. Conditioning on factor accumu- lation in growth regressions that also include endogenous policy variables … may then be problematic. When policy is endogenous the measured ef- fects of policy on growth will generally be biased …- cal viewpoint. The paper argues that regressing growth on policy may still yield important information if policy …
Persistent link: https://www.econbiz.de/10010266867
In dieser Arbeit wird ein Überblick über einige Kernaussagen der ''Neuen Wachstumstheorie'' über den Zusammenhang von Wissen und wirtschaftlicher Entwicklung gegeben. Ausgehend von der ''neoklassischen'' Wachstumstheorie wird die Bedeutung von Wissen in Prototypen endogenen Wachstums der...
Persistent link: https://www.econbiz.de/10010266882
production on the one hand, and aggregate savings, investment, and macroeconomic growth on the other. Tractable models …This chapter reviews various interactions between the distribution of income across individuals and factors of … scarce resources efficiently, and the dynamics of income and consumption distribution have no welfare implications. Other …
Persistent link: https://www.econbiz.de/10014024200
This paper reconsiders the political economy approach to growth and distribution according to which (1) rising … real-world element to the basal models. The political economy models of growth and distribution, as well as the specific … taxation; and (3) higher distortionary taxes reduce economic growth. We present a variety of theoretical arguments …
Persistent link: https://www.econbiz.de/10010306778
economic decline through reduced human capital accumulation and reduced growth of per-capita output. …
Persistent link: https://www.econbiz.de/10010335967
economic decline through reduced human capital accumulation and reduced growth of per-capita output. -- Immigration … ; redistribution ; ethnic diversity ; fertility ; human capital ; economic growth …
Persistent link: https://www.econbiz.de/10003962662