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investigate background context effects, relative deprivation, range-frequency theory to explain background context effects …-frequency theory can be evidenced. Moreover, we demonstrate a welfare paradox which concerns a contradiction between individual income …
Persistent link: https://www.econbiz.de/10010284529
The present paper utilises a short-run theoretical macroeconomic model of a small open economy to look at the impact of macroeconomic policies and financial deepening upon poverty through sectoral changes. This is because an expansion in certain sectors may cause greater poverty reduction. The...
Persistent link: https://www.econbiz.de/10010284542
This paper argues that the conventional approach of data averaging is problematic for exploring the growth–inequality nexus. It introduces the polynomial inverse lag (PIL) framework so that the impacts of inequality on investment, education, and ultimately on growth can be measured at...
Persistent link: https://www.econbiz.de/10010284551
This paper analyses the decentralization of decisionmaking in aid-giving in a theoretical rent-seeking framework. In this analysis the root donor establishes a necessary criterion for potential recipients: good governance. The potential recipients compete in hierarchal contests for funds. The...
Persistent link: https://www.econbiz.de/10010284555
This paper surveys the various composite well-being indices that have been inter-country assessments over the last 40 or so years, including the well known Human Development Index (HDI). A number of issues are considered, including the choice of components, component weights, scale equivalence,...
Persistent link: https://www.econbiz.de/10010284561
This study documents four key facts about informal economic activities: (1) the size of the informal sector varies greatly across nations; (2) this size is strongly correlated with economic development, the tax burden, and the rule of law; (3) the informal sector emphasizes small-scale,...
Persistent link: https://www.econbiz.de/10010284605
This paper presents a simple model to show how distributional concerns can engender social conflict. We have a two period model, where the cost of conflict is endogenous in the sense that parties involved have full control over how much conflict they can create. We find that anticipated future...
Persistent link: https://www.econbiz.de/10010284613
Recent years have witnessed important structural changes around the world as a result of the globalization process, the creation of new economic blocks and the liberalization of financial sector in many countries. Responding to these changes many sectors of the industrialized countries have gone...
Persistent link: https://www.econbiz.de/10010284620
This paper provides empirical evidence on the relationship between exports, and in particular export diversity, and regional growth in a developing country context. Using export data for 19 sectors from 354 subnational (magisterial) districts of South Africa, we construct various measures of...
Persistent link: https://www.econbiz.de/10010284669
This note points to certain similarities of orientation and outcome between Derek Parfit’s quest for a theory of …
Persistent link: https://www.econbiz.de/10010284684