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Assessing the institutions-innovation channel within the inequality-growth nexus
Sun, Yang; Easaw, Joshy Z.; Logothetis, Vassilis - 2023
The present paper assesses the interactions between innovation and economic institutions within the context of the … innovations on growth and inequality diminish as institutions increase in quality, and the effects of institutions can be … influenced by level of innovations. This indicates that while institutions and innovations can be inequality-inducing, their …
Persistent link: https://www.econbiz.de/10014434530
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Capital flows and endogenous growth
Komarov, Evgenij - 2021 - This version: November 18, 2021
phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and … which a positive change of a country's economic institutions can attract inflows of physical capital from abroad, leading to … institutions can lead to substantial divergence in income over time. We derive conditions under which a country receives inflows of …
Persistent link: https://www.econbiz.de/10012696550
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Inclusive growth : a primer for supply-side concept
Grömling, Michael; Klös, Hans-Peter - 2019
The aim of the concept of inclusive growth, which is being promoted in particular by international organisations such as the OECD, is to derive political recommendations on the basis of selected indicators so that a maximum number of socio-economic groups may benefit from the economic progress...
Persistent link: https://www.econbiz.de/10011965190
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Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism
Prante, Franz; Hein, Eckhard; Bramucci, Alessandro - 2021
We outline and simulate a stylised post-Keynesian two country stock-flow consistent model to demonstrate the interconnection of three of the main features/outcomes of finance-dominated capitalism, namely worsening income distribution for the bottom 90% households, the rise of international...
Persistent link: https://www.econbiz.de/10012696153
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Growth and distribution in low income economies : modifying post Keynesian analysis in light of theory and history
Razmi, Arslan - 2015
Growth in low-income developing economies with large sectors charac- terized by underemployment is unlikely to be wage-led in the traditional neo-Kaleckian sense of the term. Output and employment in the sectors of the economy producing non-tradable output could be demand-led, how- ever, and...
Persistent link: https://www.econbiz.de/10011522170
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Is planet earth as a whole likely to be wage-led?
Razmi, Arslan - 2017
Evidence regarding the relationship between distribution, demand, and growth in the short run has been mixed. Open economy models that create the possibility of "beggar-thy-neighbor" growth offer one theoretical explanation for why this may be expected. Several authors have argued recently,...
Persistent link: https://www.econbiz.de/10011638343
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Competitiveness, Income Distribution and Economic Growth in a Small Economy
Cordero, José Antonio - 2008
The 1980s saw the publication of several very influential works within the post keynesian tradition on growth and distribution. With Kaleckian mark-up pricing, and a flexible rate of capacity utilization in the investment function, these models indicated that wages and growth are negatively...
Persistent link: https://www.econbiz.de/10012724801
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Factor shares, redistribution and growth in a captured democracy
Vindigni, Andrea - 2024
A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...
Persistent link: https://www.econbiz.de/10014461501
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Alberto Alesina (1957-2020) : man, researcher, Professor of Economics, popularizer
Vindigni, Andrea - 2023
This paper offers an overview of Alberto Alesina's life and of his scholarly work (§ 1 and 2). It will be argued, that Alberto would have entirely deserved the award of the Nobel Prize for Economic Science, except only for his premature passing away. His foundational contribution was the...
Persistent link: https://www.econbiz.de/10014390535
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The economics of inclusion : building an argument for a shared society
Valenti, Michael A.; Giovannoni, Olivier - 2013
institutions on development, the costs of fractionalization, and research on the policies of social inclusion around the world …. -- shared societies ; economic inclusion ; institutions ; economic growth ; income distribution …
Persistent link: https://www.econbiz.de/10009704290