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This paper investigates the evolution of the productive structure around the world and the role it plays in the … structure through the Economic Complexity Index. Our results indicate that income inequality at the world level is not linearly …
Persistent link: https://www.econbiz.de/10014477611
We study the relationship between per-capita income and income inequality with a heterogeneous panel co-integration approach.We extend previous studies in two respects: first, we compile a more extensive data set for 61 countries over 26-51 years and consider measures for both pre-tax and...
Persistent link: https://www.econbiz.de/10011981849
examines the implications of heterogeneity in construction productivity on cross-country income disparity. We estimate the 10 …:1 spread in construction productivity among 145 countries in 2005 as a factor of 61.7-fold. Based on a general equilibrium … construction productivity gap is eliminated. Sectoral characterization of the aggregate effect of a change in construction …
Persistent link: https://www.econbiz.de/10014422405
Using a panel fixed effects model for a sample of 121 countries covering 1975-2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...
Persistent link: https://www.econbiz.de/10011536253
Using a panel fixed effects model for a sample of 121 countries covering 1975 -2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...
Persistent link: https://www.econbiz.de/10011537295
In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and empirical approaches have produced ambiguous results on sign and size of this relationship. Although there is a considerable part of the literature that considers inequality...
Persistent link: https://www.econbiz.de/10011349190
known as international unbundling of production. We consider a world economy where countries only differ in their … productivity and consume final good varieties from all country origins. Each variety is produced using a bundle of intermediate … this change in inequality is U-shaped in the productivity of the country. The reason is that high-productivity countries …
Persistent link: https://www.econbiz.de/10012871980
and their productivity. Recent work suggests that these calculations should treat workers of different skill levels as … imperfect substitutes. However, under this approach, it has been challenging to compute skill-specific productivity levels for a … data set on labor force composition to construct measures of productivity for workers in three distinct skill categories …
Persistent link: https://www.econbiz.de/10012869262
-sector employment, lift the marginal productivity of capital in higher technology industries and thus increase the rate of interest and …
Persistent link: https://www.econbiz.de/10011409782
We examine the effect of economic globalisation on income redistribution and hypothesise that it depends on ethnic fractionalisation. In highly fractionalised countries, powerful ethnicities are able to extract globalisation-induced benefits, whereas their governments face substantial political...
Persistent link: https://www.econbiz.de/10012130069