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This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and trade where capital is introduced … trade only nominal factor prices. International financial flows will not alter pattern of trade, but movement of labour and … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …
Persistent link: https://www.econbiz.de/10013266637
I outline the potential implications of sectoral factor immobility for the debate on the effects of low-wage competition on wage inequality in advanced countries. In theory, the presence of sector-specific factors serves to damp the magnification effect of World traded prices upon relative...
Persistent link: https://www.econbiz.de/10005423009
This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and trade where capital is introduced … trade only nominal factor prices. International financial flows will not alter pattern of trade, but movement of labour and … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …
Persistent link: https://www.econbiz.de/10013173767
To shed lights on growth, distribution and the relationships between the two, we develop a growth model with … pain from loss of status, we show that ambition of individuals plays an important role regarding growth and distribution …: ambition can inhibit or foster accumulation of wealth, then in turn growth. In such a context, we show that growth can be …
Persistent link: https://www.econbiz.de/10005837259
We introduce status in the most standard (canonical) macro model that is able to provide an analysis of growth and …
Persistent link: https://www.econbiz.de/10008695063
High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … growth rate is a non-linear function of the income growth if policy makers try to influence economic growth. As a result …
Persistent link: https://www.econbiz.de/10010580969
but also reduces economywide inequalities. Therefore, there is no trade-off between growth, welfare and inequality …This paper develops a simple two-region endogenous growth model in which individuals must choose where to reside and … implications of a change in government’s regional policy on individuals’ residential choice, growth, inequality and welfare. In …
Persistent link: https://www.econbiz.de/10010960053
This paper examines the relationship between inequality and growth in the Italian regions in the period 1990-2004. Our … personal incomes reduces real growth. Furthermore, a detailed examination of the possible influence mechanisms of inequality on … growth shows that both the credit rationing and the social instability channel are relevant in explaining the empirical …
Persistent link: https://www.econbiz.de/10010878147
between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … (economic growth). Our findings for the Associations of Southeast Asian Nations (ASEAN), People Republic of China and India (ACI …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U …
Persistent link: https://www.econbiz.de/10010531854
High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … growth rate is a non-linear function of the income growth if policy makers try to influence economic growth. As a result …
Persistent link: https://www.econbiz.de/10010288473