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inequality, redistribution, and the duration of growth spells in the presence of a rich set of alternative determinants, by … robust. In addition, there is no evidence of nonlinearities in the inequality-redistribution-growth spell relationship …Theoretical and empirical evidence provides only partial guidance about the relationship between growth, inequality …
Persistent link: https://www.econbiz.de/10012942257
Persistent link: https://www.econbiz.de/10014433515
The empirical literature on the relationship between inequality and growth offers a contradictory assessment … mechanisms generating a positive inequality-growth relationship work mainly in the short-run and are reflected in difference …
Persistent link: https://www.econbiz.de/10013115713
theory, and the new institutional economics on growth, we propose a new institutional theory that identifies democracy … via innovation. Our theory thus predicts that democracy holds a positive but indirect effect upon growth via the channel … theory. To our best knowledge, we are the first to propose such an indirect and conditional effect of democracy upon economic …
Persistent link: https://www.econbiz.de/10012919150
centuries. This unprecedented global growth coincided with the global proliferation of democracy, with some evidence for …, we propose that preparations should include efforts to: (i) reduce inequality; (ii) socially integrate diverse …
Persistent link: https://www.econbiz.de/10013245417
Most studies find that larger government is associated with slower long-run growth. However, which elements of … government intervention drive the result and if the conclusion applies to all political regimes remains an open question, which …
Persistent link: https://www.econbiz.de/10014346283
Persistent link: https://www.econbiz.de/10012309494
more profitable for the rich than the poor, inequality increases. The model is calibrated to illustrate polarization and … increasing inequality in early modern Europe, starting from a continuous pre-industrial wealth distribution. During the early … industrializing period, when labor markets operate and capital markets do not, inequality increases and a distinct working class …
Persistent link: https://www.econbiz.de/10009297545
redistribution, especially in non-democratic countries. -- Inequality ; institutions ; redistribution … quality. The theoretical model suggests that income inequality, coupled with political bias in favor of the rich, decreases … redistribution and lowers institutional quality. The effect of the former is to increase productive investment, and the effect of the …
Persistent link: https://www.econbiz.de/10003776340
excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how … configurations of technology, inequality and redistributive policy are feasible in the long run, when all three are endogenous. I … show in particular how the diffusion of technology leads to the “exporting” of inequality across borders; and how this, in …
Persistent link: https://www.econbiz.de/10014023762