“Sustainable prosperity” denotes an economy that generates stable and equitable growth for a large and growing middle class. From the 1940s into the 1970s, the United States appeared to be on a trajectory of sustainable prosperity, especially for white-male members of the U.S. labor force....

The paper provides an empirical discussion of the national emergency utilization rate (NEUR), which is based on a "national emergency" definition of potential output and is published by the US Census Bureau. Over the peak-to-peak period 1989-2019, the NEUR decreased by 14.2 percent. The paper...

This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution-more precisely, with regards to their ability to combine an...

This paper provides new evidence on the main characteristics of laggard firms - firms in the bottom 40% of the productivity distribution - and their potential for productivity growth. It finds that laggards are on average younger and smaller than more productive firms, and matter for aggregate...

Programs that deal with poverty issues in Bangladesh have increased some extent the entitlement of the poor, their social and economic awareness and empowerment. It has contributed improving the poverty situation in the country over the years. The poverty reduction rate over the period of 1990...

This paper discusses long-term trends in the macroeconomic growth performance and in income distribution in Europe and the U.S. We review insights from the recent macroeconomic literature on inequality and growth and use these insights to shed light on the growth and inequality trends.

Kuznets famous paper was referring to the early stages of industrialization where as countries become richer income inequality first rises and then falls. In the present paper examining Western European countries during the period 1995 – 2006 Kuznets curve has a different shape. This paper is...