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-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the … inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries … is high whereas the world growth rate is low. The introduction of non-homothetic preferences rises a number of …
Persistent link: https://www.econbiz.de/10010817276
strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations … balanced growth path. …
Persistent link: https://www.econbiz.de/10010270070
strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations … balanced growth path. …
Persistent link: https://www.econbiz.de/10008502580
In this chapter we inspect economic mechanisms through which technological progress shapes the degree of inequality … among workers in the labour market. A key focus is on the rise of US wage inequality over the past 30 years. However, we … also pay attention to how Europe did not experience changes in wage inequality but instead saw a sharp increase in …
Persistent link: https://www.econbiz.de/10005504683
standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset … of the fertility transition, technological progress increased inequality directly through land-biased technological … change and indirectly through increasing population growth. Thefertility transition and the child quantity-quality trade …
Persistent link: https://www.econbiz.de/10012204880
This paper examines the relationship between trade (exports), growth, and inequality, using a panel of 100 countries … of trade (exports) on growth. The findings are that in general trade openness advances growth while inequality reduces … growth. However, when we identify an inequality threshold, we find that inequality is positively associated with growth if …
Persistent link: https://www.econbiz.de/10010465444
theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to … be observationally equivalent to the Solow (1956) model of steady state growth. It can easily and effectively reflect on … critical contemporary issues without the ammunitions of a more complex neo-classical system. Trade pampers inequality all …
Persistent link: https://www.econbiz.de/10012312232
The principal contribution of this article is that it provides evidence of recent trends of inequality in Guyana, but … the article goes beyond this and describes the evolution of inequality since 1974 to 2013. This is done within a Kaleckian … framework to derive profit and wage rates, since recent Gini coefficients data are absent. The evidence implies that inequality …
Persistent link: https://www.econbiz.de/10011107909
paper is to analyze the relationship between growth policy and inequality in Korea in order to identify relevant policy … lesson from the Korean experience is that growth and inequality do not necessarily go hand in hand, and government policy can …While developing Asia has traditionally prioritized growth over equality, recent years have witnessed a growing popular …
Persistent link: https://www.econbiz.de/10010562384
This study examines connections between intergroup inequality and macroeconomic outcomes, considering various channels … through which gender, growth, and development interact. It upholds the salience not only of equality in opportunities but also … segregation, the particular measure of gender inequality, and a country's international relations. Finally, it outlines policies …
Persistent link: https://www.econbiz.de/10004966747