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We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require … used (nonlinear) parametric approaches - the economy first expands rapidly with a large decline in inequality, plateaus … when inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel …
Persistent link: https://www.econbiz.de/10010469680
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require … used (nonlinear) parametric approaches - the economy first expands rapidly with a large decline in inequality, plateaus … when inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel …
Persistent link: https://www.econbiz.de/10011128023
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require … used (nonlinear) parametric approaches—the economy first expands rapidly with a large decline in inequality, plateaus when … inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel finding helps …
Persistent link: https://www.econbiz.de/10011208448
Persistent link: https://www.econbiz.de/10011382981
We study the relationship between per-capita income and income inequality with a heterogeneous panel co …-51 years and consider measures for both pre-tax and post-tax income inequality; second, we take into account country …-tax income inequality,but no such relationship for post-tax income inequality. Moreover, we find estimates on the country level …
Persistent link: https://www.econbiz.de/10011981849
Public regulations can increase economic growth by correcting market faults and decrease growth by consuming resources … between growth an regulation. The relationship is possibly non-linear with some level of regulation being optimal. We estimate … the relation by a fixed effect non-linear panel data regression model using a new semi-parametric estimator. The outcome …
Persistent link: https://www.econbiz.de/10005787496
We proposed a method to estimate extreme conditional quantiles by combining quantile GARCH model of Xiao and Koenker (2009) and extreme value theory (EVT) approach. We first estimate the latent volatility process using the information of intermediate quantiles. We then apply EVT to the tail...
Persistent link: https://www.econbiz.de/10010930717
it has a negative effect on economic growth. We use a combination of nonparametric (NP) and instrumental variable … semiparametric (SNP-IV) methods to obtain inflation thresholds for the United States. The results suggest that the relationship … between growth and inflation is hump shaped—that higher levels of inflation reduce growth more. Our results consistently show …
Persistent link: https://www.econbiz.de/10011095428
approach to investigate whether trade openness has spurred economic growth in Uganda. The extant literature shows that trade … openness increases economic growth, but this empirical evidence remains contested. Our empirical results on the long … growth. Except for the use of exports to measure trade openness, using openness index and imports to proxy for trade openness …
Persistent link: https://www.econbiz.de/10014001578
We uncover evidence of substantial heterogeneity in the growth experience of countries using a structural threshold … versus geography debate in growth are potentially misleading …
Persistent link: https://www.econbiz.de/10008520882