Showing 1 - 10 of 8,104
-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the … inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries … is high whereas the world growth rate is low. The introduction of non-homothetic preferences rises a number of …
Persistent link: https://www.econbiz.de/10010817276
strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations … balanced growth path. …
Persistent link: https://www.econbiz.de/10010270070
strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations … balanced growth path. …
Persistent link: https://www.econbiz.de/10008502580
In this chapter we inspect economic mechanisms through which technological progress shapes the degree of inequality … among workers in the labour market. A key focus is on the rise of US wage inequality over the past 30 years. However, we … also pay attention to how Europe did not experience changes in wage inequality but instead saw a sharp increase in …
Persistent link: https://www.econbiz.de/10005504683
standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset … of the fertility transition, technological progress increased inequality directly through land-biased technological … change and indirectly through increasing population growth. Thefertility transition and the child quantity-quality trade …
Persistent link: https://www.econbiz.de/10012204880
This paper examines the relationship between trade (exports), growth, and inequality, using a panel of 100 countries … of trade (exports) on growth. The findings are that in general trade openness advances growth while inequality reduces … growth. However, when we identify an inequality threshold, we find that inequality is positively associated with growth if …
Persistent link: https://www.econbiz.de/10010465444
theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to … be observationally equivalent to the Solow (1956) model of steady state growth. It can easily and effectively reflect on … critical contemporary issues without the ammunitions of a more complex neo-classical system. Trade pampers inequality all …
Persistent link: https://www.econbiz.de/10012312232
This paper presents necessary and sufficient conditions for unambiguous changes in wage inequality in a dual economy … various types of economic growth. In particular, it is shown that capital accumulation or technical progress in agriculture is … likely to reduce wage inequality, but the effects of development in non-agriculture are typically ambiguous. The paper also …
Persistent link: https://www.econbiz.de/10005022143
In recent years, an ample literature has emerged on the evolution of global inequality during the last two decades. A … few stylized facts emerge. If one weights countries by their population, then inequality across countries has declined … increasing inequality. Which view is the correct one? In this paper, we use the 2004 version of the World Bank’s World …
Persistent link: https://www.econbiz.de/10005022496
for the years 1996 to 2004. We study the relationship between growth, inequality and poverty by following the Poverty … results show that growth in Colombia has generally been anti-poor, a consequence of high inequality in the urban sector and of …This paper analyzes the relationship between growth, poverty and income distribution using household data for Colombia …
Persistent link: https://www.econbiz.de/10005597323