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This paper re-examines the determinants and consequences of redistribution in light of improved data and methods relative to earlier literature. In particular, we use the latest version of the UNU-WIDER' Income Inequality Database to have the best available estimates of both pre- and...
Persistent link: https://www.econbiz.de/10011568157
This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the factors that have governed the pace of the transition from...
Persistent link: https://www.econbiz.de/10014199587
This study examines the effect of the quantity and quality of education on economic growth. Using a number of proxy variables for the quantity and quality of education in a cross section of low and medium income countries, this study finds that education quantity when measured by enrollment...
Persistent link: https://www.econbiz.de/10014200086
In the title of his 1989 Richard T. Ely lecture to the American Economic Association, David Landes asked, "Why are we so rich and they so poor?" It is an odd fact that the subsequent explosion of empirical work on economic growth, has rarely returned to this question, choosing to focus instead...
Persistent link: https://www.econbiz.de/10014027560
This paper analyses real income convergence in central, eastern and south-eastern Europe (CESEE) to the most advanced EU economies between 2000 and 2016. The relevance of this topic stems both from the far-reaching implications of real income convergence for economic welfare and the importance...
Persistent link: https://www.econbiz.de/10011877426
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unprecedented growth and economic development-PRC and India became the second and fourth largest economies of the world … provide lessons to the developing world, particularly emerging economies, that are also struggling to improve their economic …
Persistent link: https://www.econbiz.de/10011444894
This paper assesses why the 2008–2009 global economic recession impacted East Asia less than it did the United States (US) and the European Union (EU). The paper utilizes a “growth-with-resilience” (GWR) index aimed at measuring the extent to which a country can absorb or counteract...
Persistent link: https://www.econbiz.de/10013088233