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The commonly-used satellite images of nighttime lights fail to capture the true brightness of most cities. We show that night lights are a reliable proxy for economic activity at the city level, provided they are first corrected for top-coding. We present a stylized model of urban luminosity and...
Persistent link: https://www.econbiz.de/10012892172
Although it is often argued that wealth inequality matters more for economic growth than income inequality, this … timeframe. Leveraging hitherto unexploited wealth inequality data from the World Inequality Database, covering a panel of 165 … at the top of the distribution and economic growth. A one standard deviation increase in wealth inequality within …
Persistent link: https://www.econbiz.de/10014553772
on economic activity (night lights and GDP), together with the lack of significant in uence on patterns of inequality …
Persistent link: https://www.econbiz.de/10012521043
In this paper we compute inequality measures over the distribution of a subjective well-being variable constructed from … inequality in subjective well-being may be a better proxy for the degree of unfairness in a society than income inequality. We … find evidence that inequality in subjective well-being has an inverse-U relationship with per capita GDP, but it is …
Persistent link: https://www.econbiz.de/10011714455
The process of "redefining" capitalism or reinterpreting capitalism ideologies in a modern context can reveal the virtues of classical economics and the ways they can help solve contemporary global problems. In Redefining Capitalism in Global Economic Development, Kui-Wai Li helps us reconsider...
Persistent link: https://www.econbiz.de/10012832354
Inequality has emerged as a key development challenge. It holds implications for economic growth and redistribution and … global inequality by leading inequality scholars, aligning these to comprehensive reviews of inequality trends in five of the … world’s largest developing countries - Brazil, China, India, Mexico, and South Africa. Each is a persistently high or newly …
Persistent link: https://www.econbiz.de/10013474199
Technological innovation is a vital human activity that interacts with geographic factors and the natural environment. The purpose of the present study is to explain the relationship between climate zones and innovative outputs in order to detect factors that can spur technological change and,...
Persistent link: https://www.econbiz.de/10013012520
Technological change is a vital human activity that interacts with geographic factors and environment. The purpose of the study here is to analyse the relationship between geo-climate zones of the globe and technological outputs in order to detect favourable areas that spur higher technological...
Persistent link: https://www.econbiz.de/10014137156
implications for our understanding of inequality, poverty, inclusivity of growth and development, world economic welfare, and the … distribution has become more relatively equal due to falling inter-country relative inequality, and that by some measures global …. China's rapid economic growth is by far the most important factor underlying almost all of them, notwithstanding sharply …
Persistent link: https://www.econbiz.de/10010516605
-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/10011325967