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geographically limited altruism model proposed by Pauly, incorporating the possibility of participation costs associated with the … program leakages. To empirically disentangle participation costs and spatially restricted altruism effects, an additional test … benefit value received by beneficiaries. The estimates suggest that both cost and altruism play important roles in the demand …
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Purpose – The purpose of this paper is to investigate the relationship between income inequality and economic growth, both in linear and non-linear specifications. Design/methodology/approach – The paper has employed annual time series data over the period of 1971 up to 2005. Autoregressive...
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