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The current paper experiments with the conception and analytical model of principle components. The analysis utilizes data of Sudan to test the model fitness and data suitability. All the country's economic sectors are used in the analysis which also integrates high, medium and low income strata...
Persistent link: https://www.econbiz.de/10013107226
We develop a new method for deriving high-frequency synthetic distributions of consumption, income, and wealth. Modern theories of macroeconomic dynamics identify the joint distribution of consumption, income, and wealth as a key determinant of aggregate dynamics. Our novel method allows us to...
Persistent link: https://www.econbiz.de/10015185197
Incidences of rising income inequality in Nigeria have raised questions on its link with globalization. Using quarterly time-series data on an empirical model which is hinged on Stolper-Samuelson theorem, the Johnson cointegration test and error correction model showed that globalization,...
Persistent link: https://www.econbiz.de/10012894260
We analyse the evolution of EU citizens' living standards, considering the EU as a single country. Average living standards have improved considerably as the European integration process has unfolded. EU28 income inequality has steadily declined, mostly as a result of the macroeconomic...
Persistent link: https://www.econbiz.de/10012865129
We analyse the evolution of EU citizens' living standards, considering the EU as a single country. Average living standards have improved considerably as the European integration process has unfolded. EU28 income inequality has steadily declined, mostly as a result of the macroeconomic...
Persistent link: https://www.econbiz.de/10012868819
Persistent link: https://www.econbiz.de/10015333739
In the present study, labor markets were analyzed, in particular, the reasons of low labor force rate to make sense based on the data of Turkish economy. While in the advanced economies, the labor force rate is quite high and has small fluctuations around a certain extent over a long-term. In...
Persistent link: https://www.econbiz.de/10013053712
Since 1991, survey expectations of long-run output growth for the U.S. relative to the rest of the world exhibit a pattern strikingly similar to that of the U.S. current account, and thus also to global imbalances. We show that this finding can to a large extent be rationalized in a two-region...
Persistent link: https://www.econbiz.de/10012988793
Purpose Our paper studies a central issue with a long history in economics: the relationship between population and economic growth. We analyze the joint dynamics of economic and demographic growth in 111 countries during the period 1960-2019. Design/methodology/approach Using the concept of...
Persistent link: https://www.econbiz.de/10014581367
In the past decade, researchers have made substantial improvements to survey questions that allow them to obtain more accurate information from survey respondents about income and wealth. However, changing survey questions - even for the better - can create problems. For example, if we ask a...
Persistent link: https://www.econbiz.de/10014220431