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Does Wealth Inequality Matter for Growth? The Effect of Billionaire Wealth, Income Distribution, and Poverty

Bagchi, Sutirtha - 2014

A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes magazine's listing of billionaires and...

Persistent link: https://www.econbiz.de/10013061938

Are All Democracies Equally Good? The Role of Interactions Between Political Environment and Inequality for Rule of Law

Sunde, Uwe; Cervellati, Matteo; Fortunato, Piergiuseppe - 2021

Using cross-country data, we find evidence for a significant negative interaction effect between democracy and inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with institutions of higher quality when inequality is lower

Persistent link: https://www.econbiz.de/10013316859

Financial Liberalization and the Relationship-Specificity of Exports

Defever, Fabrice - 2013

We investigate the causal impact of equity market liberalizations in the period 1980‐1997 on sectoral export performance across 91 countries. The increased availability of external finance has boosted trade of industries that intensively use relationship‐specific inputs, and lowered exports...

Persistent link: https://www.econbiz.de/10013079160

Epidemic Exposure, Financial Technology, and the Digital Divide

Saka, Orkun; Eichengreen, Barry; Aksoy, Cevat Giray - 2022

exploit a dataset combining Gallup World Polls and Global Findex surveys for some 250,000 individuals in 140 countries …

Persistent link: https://www.econbiz.de/10013406444

Warrant Economics, Call-Put Policy Options and the Fallacies of Economic Theory

Hatgioannides, John - 2012

plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of …

Persistent link: https://www.econbiz.de/10013112775

Distribution of Natural Resources, Entrepreneurship, and Economic Development : Growth Dynamics with Two Elites

Falkinger, Josef; Grossmann, Volker - 2021

This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two...

Persistent link: https://www.econbiz.de/10013318254

The (Un)Importance of Inheritance

Black, Sandra E.; Devereux, Paul J.; Landaud, Fanny; … - 2022

Transfers from parents-either in the form of gifts or inheritances-have received much attention as a source of inequality. This paper uses administrative data for the population of Norway to examine the share of the Total Inflows (defined as the capitalized sum of net labor income, government...

Persistent link: https://www.econbiz.de/10014083901

Asabiyya : Re-Interpreting Value Change in Globalized Societies

Heshmati, Almas; Tausch, Arno - 2009

. The World Values Survey provided a data framework of global value change, whose quantitative results led members of the … parcel of a larger set of traditional values. With the free available country-wide data from the World Values Survey, we re …/Welzel, 2003, 2003. A frequently asked question is whether “modernization” without “spiritual values” in a globalized world economy …

Persistent link: https://www.econbiz.de/10014203179

Human Capital Growth - with Region and Gender in Perspective

Liu, Gang; Fraumeni, Barbara; Managi, Shunsuke - 2022

also by income, since apparently, human capital in the world is not evenly distributed across different regions or …

Persistent link: https://www.econbiz.de/10014083704

The Asymmetric Experience of Positive and Negative Economic Growth : Global Evidence Using Subjective Well-Being Data

De Neve, Jan‐Emmanuel - 2015

World Poll data from over 150 countries, BRFSS data on 2.5 million US respondents, and Eurobarometer data that cover …

Persistent link: https://www.econbiz.de/10013025309