Showing 81 - 90 of 157,335
The authors argue that, at the broad level of global analysis, there are good reasons to be optimistic about the 1990s. First, there are favorable supply side developments in many of the high income countries. Second, considerable scope exists for a recovery of private consumption and investment...
Persistent link: https://www.econbiz.de/10005141616
Inequality is often regarded as a necessary evil that has to be tolerated to allow growth, says the author. The view … that inequality is necessary for the accumulation of wealth, and contains the seeds of eventual increases in everyone …'s income, is evident in trickle down economic theories, where societal acceptance of inequality allows the rich to earn a …
Persistent link: https://www.econbiz.de/10005141729
The author identifies fundamental economic changes in the last 20 years that have influenced the emergence of a new paradigm on economic reform. The new orthodoxy on economic reform emphasizes smaller government, trade liberalization, business deregulation and privatization, macroeconomic...
Persistent link: https://www.econbiz.de/10005030365
Despite the satisfactory performance of several intensely adjusting sub-Saharan African countries - and successful results in agriculture and food production - the overall results of adjustment achieved in Africa have so far been modest. Adjustment has not yet succeeded in raising the rate of...
Persistent link: https://www.econbiz.de/10005030387
Comparing changes in inequality with initial levels, using new data, the author finds that within-country inequality in … allow for serially independent measurement error in inequality data and for short-run dynamics around longer-term trends … the pattern. The author offers an approach to modeling the determinants of inequality that may be a starting point for …
Persistent link: https://www.econbiz.de/10005030516
The social discount rate measures the rate at which a society would be willing to trade present for future consumption. As such it is one of the most critical inputs needed for cost-benefit analysis. This paper presents estimates of the social discount rates for nine Latin American countries. It...
Persistent link: https://www.econbiz.de/10005030549
relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and … due to changes in average incomes. In contrast, the changes in inequality observed during this period are on average much …
Persistent link: https://www.econbiz.de/10010770374
The World Bank Group recently adopted two overarching goals -- the end of extreme, chronic poverty in the world by 2030 and the promotion of shared prosperity in every society. The paper examines the normative properties of these goals, their strengths and weaknesses, and their implications for...
Persistent link: https://www.econbiz.de/10010709902
This paper uses cross-section data for 107 countries to explore the relationship between gender inequality and economic … growth. The paper departs from the literature by using a broad measure of gender inequality that goes well beyond gender … inequality in education, which has been the focus of most studies. Another novelty of the paper lies in exploring heterogeneity …
Persistent link: https://www.econbiz.de/10011124464
In a cross-country study for 1967-87, the author tests whether the finding that increased openness improves performance holds true for sub-Saharan Africa as a subgroup among developing countries. Econometric analysis - based on the augmented production function that includes labor, capital...
Persistent link: https://www.econbiz.de/10005115925