Showing 1 - 10 of 50
Persistent link: https://www.econbiz.de/10001491477
Persistent link: https://www.econbiz.de/10001520469
Persistent link: https://www.econbiz.de/10002377663
This paper develops a unified theory for the dynamic implications of income inequality on the process of development. The proposed theory argues that the replacement of physical capital accumulation by human capital accumulation as a prime engine of economic growth has changed the qualitative...
Persistent link: https://www.econbiz.de/10014142213
Persistent link: https://www.econbiz.de/10013422615
Persistent link: https://www.econbiz.de/10013422944
Persistent link: https://www.econbiz.de/10001650981
I show that non-convexities in technology, assumed in the capital market imperfection literature on the relationship between income distribution and economic growth, can be replaced by an assumption that the bequest function is convex with respect to income
Persistent link: https://www.econbiz.de/10014139381
Persistent link: https://www.econbiz.de/10009632355
Persistent link: https://www.econbiz.de/10011616974