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Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...
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emerging and developed regions. However, Latin America remains the most unequal region in the world. This study documents the … panel econometric analysis for a large group of emerging and developing countries, we find that the Kuznets curve holds …
Persistent link: https://www.econbiz.de/10014411474
This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over …-an inverted Ushaped relationship between income inequality and economic development-in China and the panel of BRIC+ countries. In … redistributive effect of fiscal policy in China appears to be stronger than what we identify in the BRIC+ panel, it is not large …
Persistent link: https://www.econbiz.de/10014412042
(Bernanke 2007, Plosser 2007). We test this claim using panel data on sectoral growth for 22 manufacturing industries for 36 …
Persistent link: https://www.econbiz.de/10011809557
This paper investigates the performance of the IMF WEO growth forecast revisions across different horizons and country groups. We find that: (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the...
Persistent link: https://www.econbiz.de/10012613421
-income countries). Using dynamic panel GMM estimators, we find that a reallocation involving a rise in education spending has a …
Persistent link: https://www.econbiz.de/10012667564
The past two decades have seen a rapid increase in interest in financial inclusion, both from policymakers and researchers. This paper surveys the main findings from the literature, documenting the trends over time and gaps that have arisen across regions, income levels, and gender, among...
Persistent link: https://www.econbiz.de/10012300650
We study the channels that theoretically transmit the effects of inequality to economic growth, unlike much of the existing literature that focuses on the direct linkage. The role of inequality in these transmission channels is difficult to pin down and varies with the particular inequality...
Persistent link: https://www.econbiz.de/10012301883