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Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
The long-standing tradition of empirical studies investigating the nexus between economic growth and poverty has concentrated on monetary poverty. This paper engages in the little-explored debate on the relationship between growth and multidimensional poverty, by employing two novel,...
Persistent link: https://www.econbiz.de/10012802605
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This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U-shaped: "intermediate" political regimes significantly lead to inferior economic...
Persistent link: https://www.econbiz.de/10013412764
Recent research stresses the macroeconomic dimension of income distribution, but no theory has yet emerged. In this …
Persistent link: https://www.econbiz.de/10010360021
This paper explores a new theoretical and empirical approach to the assessment of human wellbeing, relevant to current challenges of social fragmentation in the presence of globalization and technological advance. We present two indexes of well-being - solidarity (S) and agency (A) - to be...
Persistent link: https://www.econbiz.de/10012171696
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The paper discusses the main issues related to negative and zero incomes that are relevant for the measurement of poverty. It shows the prevalence of non-positive incomes in high- and middle-income countries, provides an analysis of the sources and structure of these incomes, outlines the...
Persistent link: https://www.econbiz.de/10012604690