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This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...
Persistent link: https://www.econbiz.de/10005106885
This paper measures the size of automatic fiscal revenue stabilizers and evaluates their role in Latin America. It introduces a relatively rich tax structure into a dynamic, stochastic, multi-sector small open economy inhabited by rule-of-thumb consumers (who consume their wages and do not save...
Persistent link: https://www.econbiz.de/10005133413
Over the past 20 years, aggregate measures of global inequality have changed little even if significant structural …
Persistent link: https://www.econbiz.de/10005133433
small impacts on mean consumption and inequality in the aggregate. There are both gainers and losers and (contrary to past … inequality into a"vertical"component (between people at different pre-reform welfare levels) and a"horizontal"component (between …
Persistent link: https://www.econbiz.de/10005133434
If developing countries follow the same paths that industrialized countries have followed, saving for retirement will initially become more important as the population growth rate declines. To calculate the potential importance of life-cycle savings (saving for retirement), the paper presents a...
Persistent link: https://www.econbiz.de/10005133455
When average income rises, the average incomes of the poorest fifth of society rise proportionately. This is a consequence of the strong empirical regularity that the share of income accruing to the bottom quintile does not vary systematically with average income. The authors document this...
Persistent link: https://www.econbiz.de/10005133470
inequality faced by most countries. The question studied in this paper is: How do international policies on aid, trade, and … terms of changes in standard inequality measures, it is of some importance for the lowest decile of the world's income …
Persistent link: https://www.econbiz.de/10005133540
In the 1990s macroeconomic policies improved in a majority of developing countries, but the growth dividend from such improvement fell short of expectations, and a policy agenda focused on stability turned out to be associated with a multiplicity of financial crises. The authors take a...
Persistent link: https://www.econbiz.de/10005133542
With the recent resurgence of interest in equity, inequality, and growth, the possibility of a negative relationship … between inequality and economic growth, has received renewed interest in the literature. Faced with the prospect that high … levels of inequality may persist, and give rise to poverty traps, policymakers are paying more attention to the …
Persistent link: https://www.econbiz.de/10005133545
The deep economic crisis that characterized Eastern Europe in the 1980's had a strong impact on average incomes of the population and on the percentage of people living below the poverty line. The situation deteriorated most sharply in Poland, where the percentage of the poor in total population...
Persistent link: https://www.econbiz.de/10005133550