Showing 1 - 10 of 389,648
This paper investigates the evolution of the productive structure around the world and the role it plays in the … structure through the Economic Complexity Index. Our results indicate that income inequality at the world level is not linearly …
Persistent link: https://www.econbiz.de/10014477611
We study the relationship between per-capita income and income inequality with a heterogeneous panel co-integration approach.We extend previous studies in two respects: first, we compile a more extensive data set for 61 countries over 26-51 years and consider measures for both pre-tax and...
Persistent link: https://www.econbiz.de/10011981849
examines the implications of heterogeneity in construction productivity on cross-country income disparity. We estimate the 10 …:1 spread in construction productivity among 145 countries in 2005 as a factor of 61.7-fold. Based on a general equilibrium … construction productivity gap is eliminated. Sectoral characterization of the aggregate effect of a change in construction …
Persistent link: https://www.econbiz.de/10014422405
Using a panel fixed effects model for a sample of 121 countries covering 1975-2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...
Persistent link: https://www.econbiz.de/10011536253
Using a panel fixed effects model for a sample of 121 countries covering 1975 -2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...
Persistent link: https://www.econbiz.de/10011537295
In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and empirical approaches have produced ambiguous results on sign and size of this relationship. Although there is a considerable part of the literature that considers inequality...
Persistent link: https://www.econbiz.de/10011349190
known as international unbundling of production. We consider a world economy where countries only differ in their … productivity and consume final good varieties from all country origins. Each variety is produced using a bundle of intermediate … this change in inequality is U-shaped in the productivity of the country. The reason is that high-productivity countries …
Persistent link: https://www.econbiz.de/10012871980
and their productivity. Recent work suggests that these calculations should treat workers of different skill levels as … imperfect substitutes. However, under this approach, it has been challenging to compute skill-specific productivity levels for a … data set on labor force composition to construct measures of productivity for workers in three distinct skill categories …
Persistent link: https://www.econbiz.de/10012869262
This chapter reviews the literature that tries to explain the disparity and variation of GDP per worker and GDP per capita across countries and across time. There are many potential explanations for the different patterns of development across countries, including differences in luck, raw...
Persistent link: https://www.econbiz.de/10014024240
-sector employment, lift the marginal productivity of capital in higher technology industries and thus increase the rate of interest and …
Persistent link: https://www.econbiz.de/10011409782