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Inequality Undermines Democracy and Growth

Gylfason, Thorvaldur - 2019

growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank … and by The Standardized World Income Inequality Database are seen to be correlated with economic diversification, the rule … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …

Persistent link: https://www.econbiz.de/10012892099

How Economic Growth Impinges on Income Inequalities?

Alves, José; Coelho, Jose Carlos; Roxo, Alexandre - 2022

Performing a panel data analysis for OECD countries, during the period between 1990 and 2019, this article investigates the relationship between economic growth and income inequalities. The main objective is to understand how the GDP and GNI per capita affect income inequality and how they...

Persistent link: https://www.econbiz.de/10014264446

Economic Policy Uncertainty : Persistence and Cross-Country Linkages

Aikins Abakah, Emmanuel Joel - 2020

This paper provides new evidence on the stochastic behaviour of the EPU (Economic Policy Uncertainty (EPU) index constructed by Baker et al. (2016) in six of the biggest economies (Canada, France, Japan, US, Ireland, and Sweden) over the period from January 1985 to October 2019. In particular,...

Persistent link: https://www.econbiz.de/10012833734

On the Exchange Rate and Economic Policy Uncertainty Nexus : A Panel VAR Approach for Emerging Markets

Abid, Abir - 2020

We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...

Persistent link: https://www.econbiz.de/10012837681

Austerity and Distributional Policy

Alpino, Matteo; Asatryan, Zareh; Blesse, Sebastian; … - 2021

What are the effects of austerity on distributional policy? We exploit the autonomy of Italian municipalities in setting non-linear income taxes and the exogenous introduction of a fiscal rule to show that austerity increases tax progressivity. Consistent with this evidence, we find that in a...

Persistent link: https://www.econbiz.de/10013315143

Richer or More Numerous or Both? The Role of Population and Economic Growth for Top Income Shares

Krolage, Carla - 2019

When measuring income inequality over long periods of time, accounting for population and productivity growth is important. This paper presents three alternative measures of top income shares that more explicitly account for population and income growth than the standard measure. We apply these...

Persistent link: https://www.econbiz.de/10012892200

Automation, Growth, and Factor Shares in the Era of Population Aging

Irmen, Andreas - 2021

How does population aging affect economic growth and factor shares in times of increasingly automatable production processes? The present paper addresses this question in a new macroeconomic model of automation where competitive firms perform tasks to produce output. Tasks require labor and...

Persistent link: https://www.econbiz.de/10013218295

A New Ricardian Model of Trade, Growth and Inequality

Marjit, Sugata - 2021

The classical Wage Fund (Capital or Credit) framework is integrated with the simplest text-book version of the Ricardian model of comparative advantage, generating a model that replicates important features of the neo-classical production theory involving capital and labour without neo-classical...

Persistent link: https://www.econbiz.de/10013314959

Priority Roads : The Political Economy of Africa's Interior-to-Coast Roads

Bonfatti, Roberto - 2019

Africa’s interior-to-coast roads are well suited to export natural resources, but not to support regional trade. Are they the optimal response to geography and comparative advantage, or the result of suboptimal political distortions? We investigate the political determinants of road paving in...

Persistent link: https://www.econbiz.de/10012892107

The Interplay of Economic, Social and Political Fragmentation

Bosworth, Steven - 2019

This paper examines how skill-biased growth can generate economic fragmentation (income dis-parities) that give rise to social fragmentation (the adoption of increasingly incompatible social identities and values), which generate political fragmentation (the adoption of increasingly incompatible...

Persistent link: https://www.econbiz.de/10012859600