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The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
In this paper we present two composite indices of globalization. The first is based on the Kearney/Foreign Policy … globalized and show how globalization has developed over time. The indices are composed of four components: economic integration … distribution of various components. The indices were also used in a regression analysis to study the causal relationship between …
Persistent link: https://www.econbiz.de/10010278997
for long-term growth in Africa. Using a dynamic panel threshold model, the study covered a large panel-data set of 41 … countries in order to see if there are any differences in the empirical linkage between inflation and long-term growth. For the … full sample of African countries, the empirical evidence showed that inflation hampered growth if it exceeds 11.1 percent …
Persistent link: https://www.econbiz.de/10011956540
hypothesis, which is at the heart of certain critical views of growth policies …
Persistent link: https://www.econbiz.de/10014070404
positively associated with economic growth. Empirical results illustrate that growth effects of the size of tradable sectors are …
Persistent link: https://www.econbiz.de/10012908373
growth. However, studies which analyze the empirical relationship between these two economic categories are very rare. It is … still an open question in the literature whether economic growth can be used to predict future global competitiveness or the … other way round. This paper empirically tests the relationship between the GCI and the economic growth rate by using a panel …
Persistent link: https://www.econbiz.de/10012966735
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010510592
. Inequality and poverty changes were not affected by imputation. We took advantage of the methodology proposed to input rents and …
Persistent link: https://www.econbiz.de/10011921416
The present work analyzes convergence issues on a sample of international countries. By using nonparametric and semiparametric techniques, evidence of club convergence is found. Multimodality and persistence is a result emerging from the study of both real data and steady-state solutions. Thus,...
Persistent link: https://www.econbiz.de/10012723084
This paper undertakes an assessment of the evolution of inequality in the distribution of consumption expenditure in India over the last quarter-century, from 1983 to 2009-10, employing data available in the quinquennial 'thick' surveys of the National Sample Survey Office. We find that...
Persistent link: https://www.econbiz.de/10010484907