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In this paper we study the impact of the income distribution on innovation through the demand for quality goods. For … to different consumers. In this equilibrium, a lower relative income of the poor is good for innovation, and a larger … population share of the poor is bad for innovation. …
Persistent link: https://www.econbiz.de/10004968440
Empirical evidence on the relationship between a country?s wealth inequality and economic growth is ambiguous. This … growth. Moreover, the impact of wealth inequality on economic growth is through the supply of human capital as well as the … demand for better quality goods. Hence, the relationship between wealth inequality and economic growth is non-linear. …
Persistent link: https://www.econbiz.de/10010263165
strengthened by the household registration (Hukou) system in China. Chinese economy, as well as its income inequality, rose … dramatically in last decades. Most researches show that urban-rural disparity is an important source of income inequality. In this … paper we study the impact of this disparity on innovation through the demand for quality goods. For simplicity, we assume …
Persistent link: https://www.econbiz.de/10011213195
The paper contributes to the literature relating to inequality and economic growth, in particular, we investigate the … effects of wealth distribution on the kind of growth driven by innovation, i.e. Schumpeterian growth. Since two types of … improvement model and the neoclassic production function. Thus, the impact of wealth inequality on economic growth is through the …
Persistent link: https://www.econbiz.de/10010664395
Persistent link: https://www.econbiz.de/10002110171
Persistent link: https://www.econbiz.de/10003393306
Productivity and socio-economic progress are inter-connected. Economic growth funds policies that promote socio …-economic progress, while the latter serves as a growth engine. A society with high mobility is one where individual achievements are …-2011), we identify the causal effect of intergenerational mobility on household expenditure’s future growth. We find that …
Persistent link: https://www.econbiz.de/10011962601
In this paper we analyse a growth model where agents have different factors' endowments and form coalitions to produce … output. Economic growth is the result of accumulation of human capital. The latter is a by-product of production activity … lower long-run growth rate. …
Persistent link: https://www.econbiz.de/10005636473
the dynamic study of inequality through the lens of social stratification. …
Persistent link: https://www.econbiz.de/10011987096
This paper analyses the relationship between growth patterns, poverty, and inequality in Brazil during its … contributions to the literature. One is the proposal of a new measure of pro-poor growth, which links growth rates in mean income … and in income inequality. The other contribution is a decomposition methodology that explores linkages between three …
Persistent link: https://www.econbiz.de/10010273493