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benefit from economic growth. The linkage between growth, redistribution and poverty is also analysed. In the review of … between inequality and growth in the post World War II period using WIDER inequality database. Regression results suggest that …
Persistent link: https://www.econbiz.de/10013318995
We document regularities in the distribution of relative incomes and investment patterns across countries. We develop a quantitative version of the neoclassical growth model with a broad measure of capital in which investment decisions are affected by distortions. These distortions follow a...
Persistent link: https://www.econbiz.de/10014073692
Persistent link: https://www.econbiz.de/10009387704
Persistent link: https://www.econbiz.de/10001886471
This paper provides new empirical findings on the aid-growth relation. We find evidence for considerable asymmetry in the aid-growth relation; i.e., aid cuts have a large negative impact on economic activity, while increasing aid may be ineffective in promoting growth. Development aid thus...
Persistent link: https://www.econbiz.de/10014502327
This paper studies the association between financial development, financial stability, and poverty for a sample of 109 … development, and only a few recent studies have looked at the effects of financial stability on poverty. However, none of the … existing studies has looked at the interaction effect of the two on poverty. Our contribution to this literature is manifold …
Persistent link: https://www.econbiz.de/10014253991
much better prospect than many other parts of the Third World; the prospects soon dimmed, however, as South Asia crawled …
Persistent link: https://www.econbiz.de/10011913065
This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U-shaped: "intermediate" political regimes significantly lead to inferior economic...
Persistent link: https://www.econbiz.de/10013412764
The theoretical literature has predicted that inequality affects long-run growth by reducing human and physical capital, particularly in the presence of imperfect credit markets and other contractual frictions. We test these four mechanisms using measures of inequality at the country-level,...
Persistent link: https://www.econbiz.de/10012835129
I review the literature on the effects of inequality on growth and development in the developing world. Two stylized … a negative association emerges. Between 15 and 40 percent of the developing world's population lives in countries with …
Persistent link: https://www.econbiz.de/10012729524