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Lucas vs. Lucas : On Inequality and Growth

Cordoba, Juan Carlos - 2007

Lucas (2004) asserts that ""Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution. The potential for improving the lives of poor people by finding different ways of distributing current production...

Persistent link: https://www.econbiz.de/10014400357

The African Continental Free Trade Agreement : welfare gains estimates from a general equilibrium model

Abrego, Lisandro E.; Amado, Maria Alejandra; Gursoy, Tunc; … - 2019

In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected to eventually cover all African countries. Using a...

Persistent link: https://www.econbiz.de/10012102028

On Price Stability and Welfare

Yehoue, Etienne B. - 2012

The financial crisis in the advanced countries that began in 2007 has led central bankers to adopt unconventional policy measures as policy interest rates neared the zero bound. One suggestion (Blanchard, Dell’Ariccia, and Mauro, 2010) has been to raise inflation targets to provide more room...

Persistent link: https://www.econbiz.de/10014395686

Welfare Gains From Financial Liberalization

Ueda, Kenichi - 2007

Financial liberalization has been a controversial issue as there is little empirical evidence for its positive effects on economic growth. However, we find sizable welfare gains, 1 to 28 percent of permanent consumption though, consistent with the literature, the gain in the economic growth is...

Persistent link: https://www.econbiz.de/10014400329

Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model

Ganelli, Giovanni - 2007

This paper focuses on the trade-off faced by governments in deciding the allocation of public expenditures between productivity-enhancing public infrastructures and utility-enhancing public consumption. From the modeling point of view, the paper augments a standard New Open Economy...

Persistent link: https://www.econbiz.de/10014400345

How Tight is too Tight? : A Look At Welfare Implications of Distortionary Policies in Uzbekistan

Grigorian, David A. - 2005

Since independence in 1991, Uzbekistan has pursued a gradual approach to the transition from planned to market economy. This approach relied heavily on trade controls, directed credit, and large public investments. A number of financial sector measures were also instituted that distorted...

Persistent link: https://www.econbiz.de/10014401653

Mobile phone ownership and welfare : evidence from South Africa's household survey

Miyajima, Ken - 2020

Persistent link: https://www.econbiz.de/10012392413

Financial Integration, Growth, and Volatility

Epaulard, Anne - 2005

The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market … emerging market and developing economies for which we evaluate the upper bound for the welfare gain from financial integration …. For plausible values of preference parameters and actual levels of financial integration, the mean welfare gain from …

Persistent link: https://www.econbiz.de/10014399779

Composition of Government Expenditure, Human Capital Accumulation, and Welfare

Matovu, John - 2000

This paper uses a dynamic general equilibrium model calibrated to Ugandan data to examine the welfare effects of alternative scenarios of government expenditure and tax financing. Two expenditure types are considered: social spending that affects human capital, and infrastructure expenditures...

Persistent link: https://www.econbiz.de/10014399948

Government Spending, Rights, and Civil Liberties

International Monetary Fund - 2000

the law, and economic freedom. In particular, an increase in spending on law and order seems to improve the indicators of …

Persistent link: https://www.econbiz.de/10014400244

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