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This paper investigates the determinants of fiscal decentralisation, focusing in particular on the impact of the level of income on the level of fiscal decentralisation. Various measures of fiscal decentralisation, several of them novel in this context, are employed in a cross-country...
Persistent link: https://www.econbiz.de/10009448196
, not increase, household income inequality. In a related vein, this research study seeks to test the theory of an extended … the theory that growth and inequality might both be related to SBTC resulting from structural shifts away from a mature … industrial economy and toward the emerging information and knowledge economy of the 1990s and beyond. This theory, too, must be …
Persistent link: https://www.econbiz.de/10009429615
Persistent link: https://www.econbiz.de/10010353250
This paper presents new non-linear regression estimates of the relationship between inflation and economic growth for 80 countries over the period 1961 – 2000. We perform tests using the full sample of countries as well as sub-samples consisting of OECD countries, middle-income countries, and...
Persistent link: https://www.econbiz.de/10009467896
This paper will attempt to provide a comprehensive review and new concept of the so called international financial integration. In addition, it provides a review on the available indicators used as proxies for international financial integration in empirical study literature. It also proposes a...
Persistent link: https://www.econbiz.de/10009482164
Persistent link: https://www.econbiz.de/10010353188
subsequent growth, as predicted by guiding theory: A one-unit increase in mean-to-median income ratio decreases growth from 1977 …
Persistent link: https://www.econbiz.de/10009429051
The first chapter demonstrates that although it is possible to design utility functions that behave like empirical well-being, the functional forms relying on income adaptation and social comparisons put forward in the happiness literature fail to receive empirical validation. Under the income...
Persistent link: https://www.econbiz.de/10009476583
This study focuses on testing the relationship between income inequality and growth within U.S. counties, and the channels through which such effects are observed. The study tests three hypotheses: (1) income inequality has an inverse relationship with growth; (2) regional growth adjustments are...
Persistent link: https://www.econbiz.de/10009445798