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Typical analyses of trends and cycles take as given some (one) observable economic variable in whose time path a researcher wishes to find trend and cycle movements. But individual sectors and regions in aggregate economies move neither perfectly with nor independently of each other -- why is it...
Persistent link: https://www.econbiz.de/10005136463
Understanding the relationship between income inequality and economic growth is of utmost importance to economists and … between inequality and growth via growth and inequality shocks for two large economies, China and the USA, for the years 1979 …- 2018. We find that a growth shock is inequality-increasing, and an inequality shock is growthreducing. We also find …
Persistent link: https://www.econbiz.de/10012424164
Understanding the relationship between income inequality and economic growth is of utmost importance to economists and … between inequality and growth via growth and inequality shocks for two large economies, China and the USA, for the years 1979 …- 2018. We find that a growth shock is inequality-increasing, and an inequality shock is growthreducing. We also find …
Persistent link: https://www.econbiz.de/10012404500
explores the relationship between income growth and income inequality using data at the municipal level in Sweden for the … period 1992-2007. We estimate a fixed effects panel data growth model, where the within-municipality income inequality is one … between income growth and income inequality measured as the Gini coefficient and top income shares, respectively. In addition …
Persistent link: https://www.econbiz.de/10011019144
This work uses several empirical approaches to examine the effects of poverty and inequality on violence in the seven … supported by evidence showing that factors related to poverty, inequality, and education directly influenced violence in the …
Persistent link: https://www.econbiz.de/10009293625
This paper is mainly concerned with the analysis of regional house price cycles. Based on a newly available data set consisting of the 40 largest U.S. Metropolitan Statistical Areas (MSAs), we introduce a wavelet transform based metric to study the housing cycle synchronization across MSAs. We...
Persistent link: https://www.econbiz.de/10011307137
global economic dynamic. Despite the relatively tepid economic growth of advanced economies (AEs) from 2004 to 2007, the … growth of EEs continued to be strong during that same period. This behaviour provided some evidence for the so …
Persistent link: https://www.econbiz.de/10011397572
The goal of this paper is to provide up-to-date worldwide evidence on the short-term relationship between credit changes and output changes. Standard correlation methods, stateof-the-art panel Granger causality tests, and panel regressions were applied on a maximum sample of 144 countries over...
Persistent link: https://www.econbiz.de/10010325095
Von spekulativen Übertreibungen an den Vermögensmärkten können erhebliche makroökonomische Verluste für Produktion und Beschäftigung ausgehen. Solche Entwicklungen sollten möglichst frühzeitig und verlässlich erkannt werden, um eine Gegensteuerung durch entsprechende...
Persistent link: https://www.econbiz.de/10011602407
This paper examines the properties of G-7 cycles using a multicountry Bayesian panel VAR model with time variations, unit specific dynamics and cross country interdependences. We demonstrate the presence of a significant world cycle and show that country specific indicators play a much smaller...
Persistent link: https://www.econbiz.de/10011604358