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Focussing on the long-run effects of 'financialisation' and increasing shareholder power in a simple Post-Kaleckian endogenous growth model, we examine the effects of increasing shareholder power on the demand regime, on the productivity regime, and on the overall regime of the model. Under...
Persistent link: https://www.econbiz.de/10009549822
The paper presents a theoretical model to explain how debt overhang is generated in low-income countries and discusses its implications for debt relief. The paper indicates that the extent of debt overhang, and the effectiveness of debt relief, would depend on a recipient country's initial...
Persistent link: https://www.econbiz.de/10012779150
savings, investment, human capital accumulation and growth performance for industrialized countries is presented. A simple …
Persistent link: https://www.econbiz.de/10012781729
We investigate the relationship between remittances and migrants' education both theoretically and empirically, using … original bilateral remittance data. At a theoretical level we lay out a model of remittances interacting migrants' human … between remittances and migrants' education is ambiguous and depends on the immigration policy conducted at destination. The …
Persistent link: https://www.econbiz.de/10013118275
to whether or not send a migrant. Yet, the subsequent selection of which family members migrate and which stay behind …
Persistent link: https://www.econbiz.de/10011974338
Previous papers tested the validity of the Family Investment Hypothesis (FIH) among immigrants by comparing the labor … credit constraints are binding, then only married immigrants can cross-finance their investment within the family. In order … to a rejection of the FIH in both countries. -- Family investment model ; labor supply …
Persistent link: https://www.econbiz.de/10003847131
This paper presents a two-period human capital investment model of married and single immigrants under binding … shown that the comparative advantage in investment that determines which spouse will invest more in local skills depends on … partial specialization in work and investment activities within immigrant households. However, the level invested by each …
Persistent link: https://www.econbiz.de/10013317437
A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10012846881
The literature on the relationship between ESG disclosure and economic growth is relatively non-existent. Thus, this paper highlights the importance of taking this relationship into account in current sustainable policies. The main objective of extra-financial Disclosure is to mitigate...
Persistent link: https://www.econbiz.de/10013474500
Persistent link: https://www.econbiz.de/10015051421