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end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously …. Inequality and group income are positively correlated for poor groups, but negatively correlated for rich groups. There is very … strong path dependence: inequality in early periods is strongly negatively correlated with group income in later periods …
Persistent link: https://www.econbiz.de/10010421189
We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. …
Persistent link: https://www.econbiz.de/10010427426
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010531693
Growth that reduces poverty is often considered pro-poor regardless of whether the poor benefit from it more than the … non-poor. Such growth could simply be termed poverty-reducing growth. This paper argues that for growth to be pro-poor it … should disproportionally benefit the poor. The paper proposes an operational definition of pro-poor growth that restricts it …
Persistent link: https://www.econbiz.de/10010280068
social indicators, such as GDP growth, labour market outcomes, and poverty and inequality, for the period since the fall of … find that FDI inflows have had, in general, a positive effect on economic growth in CESEE, and that this effect has been … with 0.19 pp higher GDP growth. For FDI from Germany and Austria, this effect is five times higher - FDI inflows of 1 pp of …
Persistent link: https://www.econbiz.de/10014374343
Productivity and socio-economic progress are inter-connected. Economic growth funds policies that promote socio …-economic progress, while the latter serves as a growth engine. A society with high mobility is one where individual achievements are …-2011), we identify the causal effect of intergenerational mobility on household expenditure's future growth. We find that …
Persistent link: https://www.econbiz.de/10012146484
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010510592
. A series of shocks, especially the fuel and food price crisis of 2008, combined with poor productivity growth in …
Persistent link: https://www.econbiz.de/10010511245
Countries with high income inequality also show a strong association between parents ́and childrenś economic well … higher inequality in childhood has a negative effect on intergenerational mobility as adults. Furthermore, the influence of … economic growth and public education is evaluated: both have a positive, significant, and substantial effect on …
Persistent link: https://www.econbiz.de/10011440819
Countries with high income inequality also show a strong association between parents' and children's economic well … higher inequality in childhood has a negative effect on intergenerational mobility as adults. Furthermore, the influence of … economic growth and public education is evaluated: both have a positive, significant, and substantial effect on …
Persistent link: https://www.econbiz.de/10011459537