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Economic growth, financial development, and income inequality
Park, Donghyun; Shin, Kwanho - 2015
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
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Economic Growth, Financial Development, and Income Inequality
Park, Donghyun - 2015
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10013009688
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Innovation, inequality and a golden rule for growth in an economy with Cobb-Douglas function and an R&D sector
Welfens, Paul J. J. - 2015
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010510592
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Innovation, Inequality and a Golden Rule for Growth in an Economy with Cobb-Douglas Function and an R&D Sector
Welfens, Paul J. J. - 2015
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010531693
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Innovation, Inequality and a Golden Rule for Growth in an Economy with Cobb-Douglas Function and an R&D Sector
Welfens, Paul J. J. - Institute for the Study of Labor (IZA) - 2015
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10011265664
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Malthusian stagnation is efficient
Córdoba Muñoz, Juan C.; Liu, Xiying - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 1, pp. 415-460
This article studies socially optimal allocations, from the point of view of a benevolent social planner, in environments characterized by fixed resources, endogenous fertility, and full information. Individuals in our environment are fully rational and altruistic toward their descendants. Our...
Persistent link: https://www.econbiz.de/10012806950
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Re-estimating the relationship between inequality and growth
Scholl, Nathalie; Klasen, Stephan - 2016
In this paper, we revisit the inequality-growth relationship using an enhanced panel data set with improved inequality …, similar to Forbes we find a significant positive association between inequality and subsequent economic growth in the full … relationship between inequality and growth emerges due to the particular timing of inequality and growth dynamics in transition …
Persistent link: https://www.econbiz.de/10011454086
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Re-estimating the relationship between inequality and growth
Scholl, Nathalie; Klasen, Stephan - 2016
In this paper, we revisit the inequality-growth relationship using an enhanced panel data set with improved inequality …, similar to Forbes we find a significant positive association between inequality and subsequent economic growth in the full … relationship between inequality and growth emerges due to the particular timing of inequality and growth dynamics in transition …
Persistent link: https://www.econbiz.de/10011536688
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Redistribution, inequality, and growth revisited : comment on "Redistribution, inequality, and growth: new evidence"
Jäntti, Markus; Pirttilä, Jukka; Rönkkö, Risto - 2020
An influential paper by Berg et al., 'Redistribution, inequality, and growth: new evidence', uses the SWIID data to … examine the impact of inequality and redistribution on growth in both developing and developed countries. It finds that while … inequality is harmful for growth, redistribution does not hamper growth. This comment demonstrates that the redistribution and …
Persistent link: https://www.econbiz.de/10012299793
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Socio-economic development in South Asia : the past 50 years
Osmani, Siddiqur Rahman - 2018
looking forward to a much better future - in terms of both growth and human development - than was deemed possible at the time …
Persistent link: https://www.econbiz.de/10011913065