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So-called "uphill capital flows", i.e. flows of physical capital from relatively poor to rich countries, are a new phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and physical capital to study the interaction of international...
Persistent link: https://www.econbiz.de/10012696550
This paper studies cross-country patterns of economic growth from the viewpoint of income distribution dynamics. Such a perspective raises new empirical and theoretical issues in growth analysis: the profound empirical regularity is an "emerging twin peaks" in the cross-sectional distribution,...
Persistent link: https://www.econbiz.de/10014060779
This article describes a model that shows the economic effects of political structure. Four structures are examined: dictatorship, individual enterprise, individual enterprise with tax redistribution, and anarchism. The dependent variables are total output and its distribution
Persistent link: https://www.econbiz.de/10013149210
Las sendas entrelazadas de la transformación industrial y la autonomía tecnológica han incidido en el crecimiento económico de Colombia. La leve aceleración económica del período 1925-1979 se relaciona con la industrialización nacional. Y la desaceleración económica a partir de 1980,...
Persistent link: https://www.econbiz.de/10005603880
variable problem by generating time varying geographic instruments. The quantity of world trade carried by air has been …
Persistent link: https://www.econbiz.de/10012718253
This paper examines the distributional effects of international trade in a general equilibrium model with heterogeneous agents and a welfare state redistributing income. The redistribution scheme is financed by a progressive income tax and gives the same absolute transfer to all individuals....
Persistent link: https://www.econbiz.de/10011721489
of liberalization of government procurement such that world welfare is higher than if government procurement were fully …
Persistent link: https://www.econbiz.de/10014077359
This paper examines the functional relationships between income inequality, economic factors, institutions, and Kuznets' inverted-U hypothesis. A model that incorporates interactive as well as direct effects of several factors to capture their combined effect on inequality is developed. The...
Persistent link: https://www.econbiz.de/10009010937
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the …
Persistent link: https://www.econbiz.de/10011397182
Income differences arise from many sources. While some kinds of inequality, caused by effort differences, might be associated with faster economic growth, other kinds, arising from unequal opportunities for investment, might be detrimental to economic progress. We construct two new metadata...
Persistent link: https://www.econbiz.de/10010364975