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been strong, yet poverty remains high. Underlying the shortage of good livelihoods and high social inequality is the lack …
Persistent link: https://www.econbiz.de/10011440672
This study complements the inclusive growth literature by examining the determinants and consequences of the middle class in a continent where economic growth has been relatively high. The empirical evidence is based on a sample of 33 African countries for a 2010 cross-sectional study. OLS,...
Persistent link: https://www.econbiz.de/10011409206
China has departed from the East Asian development model by letting inequality rise to a high level, which is now …. If inequality persists, China may get caught in the ¡°inequality-trap,¡± which may then lead to the middle income trap … (MIT). Fortunately, China still has the levers to pull to reduce inequality and avoid the MIT. Measures along both the …
Persistent link: https://www.econbiz.de/10010929808
The impact of income inequality on economic growth is dependent on several factors, including the time horizon … considered, the initial level of income and its initial distribution. Yet, as growth and inequality are also uneven across space … also seem pertinent to consider not just the levels of inequality and agglomeration, but also the changes they undergo (i …
Persistent link: https://www.econbiz.de/10009291609
income inequality during the transition process. The most obvious success story in the process of transition to date has been … only modest increases in inequality. Hence, a detailed analysis of the Polish experience, with a view toward asking what …
Persistent link: https://www.econbiz.de/10011113127
within which official development assistance must operate and evolve if it is to remain useful. …
Persistent link: https://www.econbiz.de/10010225330
A renewed interest in explaining growth in the Caribbean countries is motivated by the somewhat slow but uneven performance in the past decade: per capita GDP gaps in Caribbean countries have widened in relation to the United States, whereas standard theories would predict convergence. This...
Persistent link: https://www.econbiz.de/10011292983
Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
Persistent link: https://www.econbiz.de/10012795769
What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical inheritance rules for land in Germany. In some German areas, inherited land was to be shared or divided equally among children, while in others land was ruled to be indivisible....
Persistent link: https://www.econbiz.de/10012288516
The objective of this article is to approach the concepts of growth and economic development in order to highlight the … increasing the added value of goods and services obtained within the sectors of a country's economy. The economic development … quality living conditions. Also, economic development can create opportunities in the field of employment and environmental …
Persistent link: https://www.econbiz.de/10012297373