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Status aspirations, wealth inequality, and economic growth
Stark, Oded - 2005
This paper argues that an increase in the inequality of wealth prompts a stronger quest for status that in turn fosters … coefficient of wealth inequality. Hence the Gini coefficient and growth are positively correlated, holding the population’s wealth …
Persistent link: https://www.econbiz.de/10009729676
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Work ethics-innovation nexus : evidence of Thai returnees from Japan
Buarapha, Peemmaphat; De Saliya, Silva; Luangpituksa … - In: Thailand and the world economy 41 (2023) 3, pp. 1-21
Japan moved its production processes through foreign direct investment to Southeast Asia, including Thailand, in the 1970s. However, due to the lack of human capital, Thailand failed to absorb the technology and came up with their own innovations as the Asian New Industrialized Economies....
Persistent link: https://www.econbiz.de/10014439382
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(Un)Happiness in Transition
Guriev, Sergei - 2014
Despite strong growth performance in transition economies in the last decade, residents of transition countries report abnormally low levels of life satisfaction. Using data from the World Values Survey and other sources, we study various explanations of this phenomenon. First, we document that...
Persistent link: https://www.econbiz.de/10012709180
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Economic Freedom and Economic Growth Are Really Related?
Bystrov, Ilya - 2019
The article investigates relation between economic freedom that is characteristic to a country and economic growth that it achieves. Economic growth is represented by GDP at constant price (2005) and constant exchange rate and Annual average GDP growth rate, per capita. Economic Freedom side is...
Persistent link: https://www.econbiz.de/10012862164
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Trust and Growth Revisited
Asongu, Simplice - 2018
The paper extends Breggren et al. (2008, EE) on 'trust and growth: a shaky relationship' by incorporating recent developments in the trust-growth literature and using a robust methodological underpinning that accounts for the presence of outliers. The empirical evidence is based on 63 countries....
Persistent link: https://www.econbiz.de/10012931322
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Status Aspirations, Wealth Inequality, and Economic Growth
Stark, Oded - 2018
This paper argues that an increase in the inequality of wealth prompts a stronger quest for status that in turn fosters … coefficient of wealth inequality. Hence the Gini coefficient and growth are positively correlated, holding the population's wealth …
Persistent link: https://www.econbiz.de/10012911262
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Does Trust Matter for Economic Growth and Human Development? Empirical Evidence From a Panel of Countries
Pervaiz, Zahid - 2018
Trust among individuals of a society is an important dimension of social capital and may have different economic and development implications. The present study is an attempt to investigate the relationship of trust with economic growth and human development. It is unique in at least two...
Persistent link: https://www.econbiz.de/10012916225
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The Impact of the Reformation on the Economic Development of Western Europe
Sheremeta, Roman M. - 2018
The Protestant Reformation is a vivid example of how religious transformation could set in motion institutional changes, leading to profound consequences for economic and political development. Although economists and other social scientists agree that there is a strong relation between the...
Persistent link: https://www.econbiz.de/10012917193
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Inequality in Prosperous Societies : Economic and Moral Aspects
Kirsh, Yoram - 2019
have shown that excessive inequality is bad not only for moral reasons but for economic reasons as well. According to the … International Monetary Fund, excessive inequality can erode social cohesion, cause political polarization, and lower economic growth … due to the shrinking spending power of consumers. According to some estimations, rising inequality in the United States …
Persistent link: https://www.econbiz.de/10012870546
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Trust and Quality of Growth : A Note
Asongu, Simplice - 2016
based on interactive contemporary and non-contemporary quantile regressions. Inequality and human development modifying …, relatively high thresholds of inequality are needed to change this positive trust-QG nexus in some distributions …
Persistent link: https://www.econbiz.de/10013004431