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Persistent link: https://www.econbiz.de/10010797766
Many scholars have argued that once "basic needs" have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple...
Persistent link: https://www.econbiz.de/10009736745
In this study, we examine how insurance affects income inequality in sub-Saharan Africa, using data from 42 countries … during the period 2004-2014. Three inequality variables are used, namely: the Gini coefficient, the Atkinson index and the … inequality, while 0.855 of non-life insurance premiums (% of GDP) is the threshold required for non-life insurance to negatively …
Persistent link: https://www.econbiz.de/10012165284
We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We … model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for … endogenous commodity prices, we find that economic growth may increase or decrease factor price differences across cones. For a …
Persistent link: https://www.econbiz.de/10010319234
We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We … model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for … endogenous commodity prices, we find that economic growth may increase or decrease factor price differences across cones. For a …
Persistent link: https://www.econbiz.de/10010958216
adds to this literature in three ways: First it tests the validity of the aid volatility and growth relationship from … between IDA aid volatility and growth, it isolates IDA aid volatility due to the recipient country's performance from that due … real economic growth. But the relationship is not even. It is stronger for sub-Saharan African countries than for other …
Persistent link: https://www.econbiz.de/10011213003
In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for … analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as … the same framework can be used to analyze how growth interacts with development and cross-country convergence and …
Persistent link: https://www.econbiz.de/10014023785
We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We … model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for … endogenous commodity prices, we find that economic growth may increase or decrease factor price differences across cones. For a …
Persistent link: https://www.econbiz.de/10004988432
One hears little about the Planning Commission’s Framework for Economic Growth launched a year ago. This is indicative … in promoting growth, particularly at a time when market failure has made economists rethink the role of markets after …
Persistent link: https://www.econbiz.de/10010592634
This paper analyzes the role of income distribution in macroeconomic analysis. The study demonstrates that the long-run equilibrium depends on the initial distribution of income. In accordance with empirical evidence concerning the correlation between income distribution and output, an economy...
Persistent link: https://www.econbiz.de/10011109703