Showing 21 - 30 of 39,543
inflation on income distribution and economic growth. We have found that inflation (1) worsens income distribution; (2 …This short paper uses a newly compiled cross-country panel data on income distribution to explore the impact of … middle class; and (4) reduces the rate of economic growth. …
Persistent link: https://www.econbiz.de/10009146913
We analyze the association between inequality and growth across 72 labor market regions in Sweden 1990-2006. Highly … accurate measures of growth and inequality (gini, Q3, p9075, p5010) are derived from population register data. The regional set …th and 75th percentiles enhances regional growth. This result no longer holds when we take into account changes in …
Persistent link: https://www.econbiz.de/10008839277
This paper discusses long-term trends in the macroeconomic growth performance and in income distribution in Europe and … the U.S. We review insights from the recent macroeconomic literature on inequality and growth and use these insights to … shed light on the growth and inequality trends. …
Persistent link: https://www.econbiz.de/10005627929
production on the one hand, and aggregate savings, investment, and macroeconomic growth on the other. Tractable models …This chapter reviews various interactions between the distribution of income across individuals and factors of … scarce resources efficiently, and the dynamics of income and consumption distribution have no welfare implications. Other …
Persistent link: https://www.econbiz.de/10014024200
important in replicating the pattern of average savings rates and income found in US cross-section data. Surprisingly, temporary …
Persistent link: https://www.econbiz.de/10005151231
Many models show that redistribution is bad for growth. This paper argues that in a non-cooperative world optimizing … and lower GDP growth than 'left-left' competition. Efficiency differences allow for higher GDP growth and more … redistribution than one's opponent. Irrespective of efficiency differences, however, 'left-wing' governments have higher GDP growth …
Persistent link: https://www.econbiz.de/10010266894
The endogenous growth literature has explored the transition from a Malthusian world where real wages, living standards … modern industrial growth breaks that link. Recently, economic historians have presented evidence from England showing that … secular rise thereafter – must be explained both by industrial revolutionary growth forces and by global forces that opened up …
Persistent link: https://www.econbiz.de/10005545206
The endogenous growth literature has explored the transition from a Malthusian world where real wages, living standards … modern industrial growth breaks that link. Recently, economic historians have presented evidence from England showing that … secular rise thereafter – must be explained both by industrial revolutionary growth forces and by global forces that opened up …
Persistent link: https://www.econbiz.de/10005114196
This paper offers an alternative approach to the repeated occurrence of Middle East “energy conflicts.” Our analysis centres around the process of differential capital accumulation, emphasizing the quest to exceed the “normal rate of return” and to expands one's share in the overall flow...
Persistent link: https://www.econbiz.de/10011644564
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10011644566