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During the past two decades, the “Washington Consensus” has been the dominant recipe for unleashing economic growth in developing countries. In view of the strong criticism mounted against it, it seems to have lost prominence recently. The success of the East Asian newly industrialized...
Persistent link: https://www.econbiz.de/10011260809
Decentralisation is invariably among the recommendations that international organisations such as the World Bank make for an enhancement of social provisions, and particularly a better targeting of social assistance regimes, in Eastern and Central Europe. However, theoretical literature as wel...
Persistent link: https://www.econbiz.de/10005836017
This paper examines the linkage among financial liberalization, economic growth and poverty reduction in Sub … growth is positively associated with poverty reduction and financial liberalization coefficients are positively related to … economic growth. It implies that financial liberalization causes economic growth. However, the coefficients of financial …
Persistent link: https://www.econbiz.de/10010726390
This paper examines the linkage among financial liberalization, economic growth and poverty reduction in Sub … growth is positively associated with poverty reduction and financial liberalization coefficients are positively related to … economic growth. It implies that financial liberalization causes economic growth. However, the coefficients of financial …
Persistent link: https://www.econbiz.de/10011108060
This paper illustrates how Crossing Generalised Lorenz (GL) curves can be used to identify the best income distribution on social welfare grounds within a set of alternative income distributions generated by different policy options. It starts by illustrating two alternative income distributions...
Persistent link: https://www.econbiz.de/10008924809
We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a single pure public good model. In contrast, we show that...
Persistent link: https://www.econbiz.de/10011584914
Roefie Hueting (1929), recently turned 78 years of age, has been working on the subject of economics and the environment since around 1965. Seminal results are his notion of environmental functions (WWF, 1969), his Ph.D. thesis “New Scarcity and Economic Growth. More welfare through less...
Persistent link: https://www.econbiz.de/10005836132
In the US, defense R&D share of GDP has decreased significantly since 1960. To analyze the implications on economic growth and welfare, we develop an R&D-based growth model that features the commonly discussed crowding-out and spillover effects of defense R&D on civilian R&D. The model also...
Persistent link: https://www.econbiz.de/10005011952
Tinbergen & Hueting (1991) provide an approach to the economics of ecological survival that still is unsurpassed. Various “green GDPs” have been proposed such as ISEW, Ecological Footprint, Genuine Savings and Genuine Progress Indicator, and lately there is an increased interest in happiness...
Persistent link: https://www.econbiz.de/10005789764
The Stern Review (2006) on the economics of climate change presented a cost estimate of perhaps even 20% of national income and subsequently was criticized by Weitzman and Nordhaus and others in a discussion that centered on the use of the calculus of variations and the choice of the proper rate...
Persistent link: https://www.econbiz.de/10005620164