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The relative income and relative deprivation hypotheses : a review of the empirical literature

Verme, Paolo - Economics Research, World Bank Group - 2013

The paper provides a review of the empirical literature in economics that has attempted to test the relative income hypothesis as put forward by Duesemberry (1949) and the relative deprivation hypothesis as formalized by Runciman (1966). It is argued that these two hypotheses and the empirical...

Persistent link: https://www.econbiz.de/10010829831

Aid is good for the poor

Hirano, Yumeka; Otsubo, Shigeru - Economics Research, World Bank Group - 2014

Aid is good for the poor. This paper uses detailed aid data spanning 60 developing countries over the past two decades to show that social aid significantly and directly benefits the poorest in society, while economic aid increases the income of the poor through growth. This new and unequivocal...

Persistent link: https://www.econbiz.de/10010884962

Inequality, the price of nontradables, and the real exchange rate : theory and cross-country evidence

Min, Hong-Ghi - Economics Research, World Bank Group - 2002

The author provides theoretical and empirical evidence of a negative association between income inequality and real … exchange rates. First, he builds a theoretical model showing the transmission mechanism from inequality to real exchange rates … negative relationship between inequality and real exchange rates does not imply that policies aimed at dramatic redistribution …

Persistent link: https://www.econbiz.de/10005079501

Relative price changes and the growth of the public sector

Shahbaz Khan, M. - Economics Research, World Bank Group - 1990

Policy recommendations to reduce the growth of public spending are haunted by the inevitability of two factors. First Wagner's law, the hypothesis that with economic development an increasing share of GDP is devoted to public spending, and secondly, Baumol's effect, that as economies develop,...

Persistent link: https://www.econbiz.de/10005079538

Who paid the bill? Adjustment and poverty in Brazil, 1980-95

Fox, M. Louise; Morley, Samuel A. - Economics Research, World Bank Group - 1991

The difficulties most Latin American countries have experienced in returning to sustained growth after the world recession and debt crisis of 1982 have surprised and frustrated many observers. Concern is increasingly expressed about the social costs of this period of recession and adjustment,...

Persistent link: https://www.econbiz.de/10005079539

Methods for measuring the effect of adjustment policies on income distribution

Maasland, Anne - Economics Research, World Bank Group - 1990

The effect of adjustment policies on different groups in the population is an important and complex issue. The distributional implications can have a large influence on the sustainability of programs. In particular, there is a need to identify how different groups in society are affected by an...

Persistent link: https://www.econbiz.de/10005079573

Social costs of the transition to capitalism : Poland, 1990-91

Milanovic, Branko - Economics Research, World Bank Group - 1993

welfare? Conclusive results are elusive. Personal consumption, overall decreased. Queuing also decreased, but utility gains …

Persistent link: https://www.econbiz.de/10005079741

Divergence, big time

Pritchett, Lant - Economics Research, World Bank Group - 1995

Recently, much attention has been paid in the literature on economic growth to the phenomenon of"conditional convergence,"the tendencies of economies with lower-level incomes to grow faster, conditional on their rate of factor accumulation. The author documents that, regardless of conditional...

Persistent link: https://www.econbiz.de/10005079757

Are external shocks responsible for the instability of output in low income countries?

Raddatz, Claudio - Economics Research, World Bank Group - 2005

External shocks, such as commodity price fluctuations, natural disasters, and the role of the international economy, are often blamed for the poor economic performance of low-income countries. The author quantifies the impact of these different external shocks using a panel vector autoregression...

Persistent link: https://www.econbiz.de/10005079828

Differentiating cyclical and long-term income elasticities of import demand

Clavijo, Fernando; Faini, Riccardo - Economics Research, World Bank Group - 1989

Determining how imports react to cyclical and secular (long term) factors has been a recurrent theme in the empirical trade literature. The evidence suggests that cyclical income elasticities of import demand are generally higher than long term elasticities - particularly for basic materials and...

Persistent link: https://www.econbiz.de/10005079910