Recent literature on economic growth points towards the possibility of the existence of multiple equilibria, under … certain conditions. In this paper we use a growth model with a public health infrastructure to analyze, in detail, its local …, meaning that the so called “growth miracles” in some literature may be less likely to occur. Numerical computations illustrate …

Trends in Globalization’ website (http://ablog.typepad.com/), the paper analyzes growth in four types of country typified by … the EU, the USA, India, and China. The fastest growth has been registered in China, which has followed a policy of … expansionary money with strong banking controls, combined with an investment-led stimulus. Strong growth has also however been …

This paper examines inequality patterns in the 1990s in Poland, Russia and Hungary. We consider three different … definitions of income and analyse the contributions to inequality of their main components using LIS micro data. Inequality is … Shorrocks' axiomatic approach and the Theil-based decomposition). The role of transfers and taxes in mitigating total inequality …

income inequality and public sector changes in a multiple equilibria system. Returns to unofficial activity are first … increasing and then decreasing, implying two distinct stable equilibria, with changes in inequality possibly causing a jump from … one to the other. Multiple regressions of data from 18 transition economies find income inequality significantly …