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circumscribing the possibilities of realizing any form of developmental growth. For the purpose of this essay, I am interested in …
Persistent link: https://www.econbiz.de/10012935128
. -- income instability ; poverty ; inequality ; economic growth ; growth elasticity of poverty ; poverty trap … of growth, due to poverty traps, often examined at the microeconomic level. Testing a model of poverty change on a panel …Macroeconomic instability has been increasingly considered as a factor lowering average income growth and, in this way …
Persistent link: https://www.econbiz.de/10008662270
In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for … analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as … the same framework can be used to analyze how growth interacts with development and cross-country convergence and …
Persistent link: https://www.econbiz.de/10014023785
consistent assessments of social welfare, inequality and poverty embodied in a given income distribution. Methods: We propose … distributions. Social planners commonly use two SWFs: SWFε implied by income inequality aversion (ε) and SWFv implied by rank … inequality aversion (v). However, a voluntary choice of ε or v may result in inconsistent assessments of social welfare embodied …
Persistent link: https://www.econbiz.de/10014552762
between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the …-run impact of remittances. We then use an endogenous growth framework to describe the growth potential of remittances and present … the evidence for different growth channels. There is considerable evidence that remittances (in the form of savings …
Persistent link: https://www.econbiz.de/10014023661
Poverty-growth elasticities are frequently calculated to provide insight into the inclusiveness of the growth process …. Mathematically, the formula employed to calculate the growth elasticity of poverty leads to lower values for higher initial poverty … and space. Poverty-growth semi-elasticities provide a more robust measure of the responsiveness of poverty to growth. …
Persistent link: https://www.econbiz.de/10011672024
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010510592
The effects of inequality on economic growth depend on several factors. On one hand, they depend on the time horizon … considered, on the initial level of income and on its initial distribution. But, on the other hand, as growth and inequality are … rates, this work analyzes how increasing inequality and increasing agglomeration influence economic growth depending on the …
Persistent link: https://www.econbiz.de/10011515023
We study the effect of endogenous time preference in a simple neo-classical model of growth. The variation of time … preference causes the economy to have multiple steady states, some of which are similar to poverty traps. The stability … properties of these steady states are analyzed. The results are interpreted in light of the growth experiences of developing …
Persistent link: https://www.econbiz.de/10010519048
, economic growth is very crucial. The responsiveness of growth towards poverty reduction is measured by the "growth elasticity … of poverty". The present study attempts to calculate growth elasticities of poverty in nine selected Asian countries for … finds that China hasthe highest growth elasticity of poverty considering the poverty line of USD 1.90 and USD 3.20 a day. It …
Persistent link: https://www.econbiz.de/10012814358