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The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions under which multiplicity is realized. Three cases arise,...
Persistent link: https://www.econbiz.de/10010274561
-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level …
Persistent link: https://www.econbiz.de/10010324788
This study explores the link between environmental degradation, economic growth and income inequality within the … framework of the environmental Kuznets curve (EKC) literature. To investigate this issue, we examine how inequality affects … carbon dioxide (CO2) emissions and their relationship with economic growth. We show that the results heavily depend on the …
Persistent link: https://www.econbiz.de/10011608646
Rising inequality and widespread poverty, social unrest and polarization, gender and ethnic disparities, declining … social mobility, economic fragility, unbalanced growth due to technology and globalization, and existential danger from …
Persistent link: https://www.econbiz.de/10014279350
. Conflicts over land, sowing the seeds for inequality by creating a landed élite living off rents, are especially likely to … curvilinear relationship between native population density and modern income inequality. Finally, using population density as an … instrument for inequality in the former colonies, we demonstrate that there is no causal relationship running from income …
Persistent link: https://www.econbiz.de/10011753150
effects of its own investment, while treating other countries' investments as given. Average world growth is endogenous, as is …
Persistent link: https://www.econbiz.de/10010320350
Persistent link: https://www.econbiz.de/10003970084
Persistent link: https://www.econbiz.de/10010519714
cross-country-growth equation shows a negative effect of income inequality on economic growth, holding fixed a familiar set …-an inverse-U shape relationship between income inequality and per capita GDP-that is relatively stable from the 1960s into the … 2000s. The direct effect of international openness on income inequality is also found to be positive. On the other hand, a …
Persistent link: https://www.econbiz.de/10011282136
Persistent link: https://www.econbiz.de/10011300892