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We explore four decades of cyclical and long-run dynamics in income distribution and economic activity for a panel of thirteen OECD countries, as measured by the wage share and the output gap. When modeled as a Goodwin model, our results suggest that economic activity is weakly profit-led and...
Persistent link: https://www.econbiz.de/10009714503
The demand and distributive regimes are estimated from 62 countries around the world based on the Structuralist Goodwin …
Persistent link: https://www.econbiz.de/10011756021
The neoliberal reforms since the 1980s have resulted in rapid globalization paralleled by worsening income distribution …
Persistent link: https://www.econbiz.de/10014550882
Objective: The objective of the article is to explore the nexus between changes of various globalisation dimensions, defined by either policy (de jure) or outcomes (de facto), and the rise in income inequality in a panel of 27 EU countries during the period 1998-2017. Research Design & Methods:...
Persistent link: https://www.econbiz.de/10012520007
In this paper it is pointed out that economic freedom, globalization and entrepreneurial caliber foster economic growth … business investments. Data are taken from World Economic Freedom Indicators and Eurostat. The elaboration of these data is made …
Persistent link: https://www.econbiz.de/10014136464
globalization (measured by trade) as well as entrepreneurship can be two of them having a positive impact on economic growth. Panel … Data cover Western world and Japan (1999–2006). The econometric model is estimated by the Eviews software package …
Persistent link: https://www.econbiz.de/10013132279
globalization on income distribution within countries. The following countries are examined: Austria, Belgium, Denmark, Finland …
Persistent link: https://www.econbiz.de/10013135718
In the present paper an attempt will be made to show econometrically that globalization has a positive impact on …
Persistent link: https://www.econbiz.de/10013118793
As Friedman said in 2002: ”the world has become flat”, by which he succinctly meant that all world countries are … globalization. I will define globalization as increasing dyadic levels of trade-flows between country i and j from 1960’s until 2022 … provided by the World Bank as a measure of income inequality. When available, I will also account for employment growth levels …
Persistent link: https://www.econbiz.de/10014347328
The future patterns of foreign direct investment (FDI) are important inputs for policymakers, even more so during severe economic downturns, such as the one caused by the COVID-19 pandemic. Yet, there is neither empirical consensus nor significant ongoing empirical research on the most...
Persistent link: https://www.econbiz.de/10013215844