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Inequality of Opportunity, Inequality of Income and Economic Growth

Aiyar, Shekhar S. - 2019

We posit that the relationship between income inequality and economic growth ismediated by the level of equality of opportunity, which we identify with intergenerationalmobility. In economies characterized by intergenerational rigidities, an increase in incomeinequality has persistent...

Persistent link: https://www.econbiz.de/10012889158

Growth Slowdowns and the Middle-Income Trap

Aiyar, Shekhar S. - 2013

The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks of high-income countries. In this study we examine the middle-income trap as a special case of growth slowdowns, which are identified as...

Persistent link: https://www.econbiz.de/10013083624

Structural Reforms and Productivity Growth in Emerging Market and Developing Economies

Dabla-Norris, Era - 2016

This paper empirically assesses the role of structural and institutional reforms in driving productivity growth across countries at different stages of development, using a distance-to-frontier framework. It gauges whether particular policies and reforms matter more for increasing productivity...

Persistent link: https://www.econbiz.de/10012996099

Product Market Deregulation and Growth : New Country-Industry-Level Evidence

Bouis, Romain - 2016

price decline. By contrast, there is only a weak positive effect on sectoral employment, and investment is essentially …

Persistent link: https://www.econbiz.de/10012977853

The East African Community : Prospects for Sustained Growth

McAuliffe, Catherine - 2012

The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade-the ambition of most...

Persistent link: https://www.econbiz.de/10013096275

Structural Reforms and Economic Growth : A Machine Learning Approach

Ari, Anil; Pula, Gabor; Sun, Liyang - 2022

The qualitative and granular nature of most structural indicators and the variety in data sources poses difficulties for consistent cross-country assessments and empirical analysis. We overcome these issues by using a machine learning approach (the partial least squares method) to combine a...

Persistent link: https://www.econbiz.de/10014244525

Sharp Instrument : A Stab at Identifying the Causes of Economic Growth

Chérif, Réda - 2018

We shed new light on the determinants of growth by tackling the blunt and weak instrument problems in the empirical growth literature. As an instrument for each endogenous variable, we propose average values of the same variable in neighboring countries. This method has the advantage of...

Persistent link: https://www.econbiz.de/10012913911

Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets

Buffie, Edward F. - 2020

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different … mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective …

Persistent link: https://www.econbiz.de/10012828060

Macroeconomic Policy, Product Market Competition, and Growth : The Intangible Investment Channel

Ahn, JeaBin - 2020

vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …

Persistent link: https://www.econbiz.de/10012840222

Risks of Stagnation in the Euro Area

Lin, Huidan - 2016

This paper discusses the risks of stagnation over the medium term in the euro area. It examines the consequences of longer-term growth trends that predate the crisis and the progress made in addressing the crisis legacies of high unemployment and debt. The paper illustrates in a downside...

Persistent link: https://www.econbiz.de/10012996031