This paper investigates the long-run nexus between wealth inequality and aggregate output using a DSGE model in which wealth inequality endogenously affects individual entrepreneurship incentives, thereby influencing aggregate output. Our model passes the indirect inference test against the UK...

Chapter 1. Introduction -- Part I. The Reform Trajectory of China’s Economy -- Chapter 2. Reform and Opening Up: A ‘Matter of Life and Death -- Chapter 3. The Reform Path: From Grassroot Reforms to Party-State Capitalism -- Part II. The Big Picture of China’s Economy Today -- Chapter 4....

Purpose - Cambodia's sustained and robust growth performance since the post-reform era in 1993 has been attributed to the boom in inward foreign direct investment (FDI) attracted to the country's labor-intensive industries, where it has comparative advantages. The purpose of this study is...