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Hobbes to Rousseau : Inequality, Institutions, and Development

Cervellati, Matteo; Fortunato, Piergiuseppe; Sunde, Uwe - 2005

We analyze the endogenous evolution of economic and political institutions and the interdependencies with the process of economic development. Favorable economic institutions ensure the appropriability of rents in form of a state of law. We study the conditions under which a state of law can be...

Persistent link: https://www.econbiz.de/10010262181

Warrant economics, call-put policy options and the fallacies of economic theory

Hatgioannides, John; Karanassou, Marika - 2011

In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...

Persistent link: https://www.econbiz.de/10010282231

Causes of changing earnings inequality

Snower, Dennis J. - 1999

This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained....

Persistent link: https://www.econbiz.de/10010272949

Do middle classes bring institutional reforms?

Loayza, Norman; Rigolini, Jamele; Llorente, Gonzalo - 2012

We revisit the link between poverty, the middle class and institutional outcomes using a newly developed cross-country panel dataset containing detailed information on the distribution of income and expenditures. When the size of the middle class increases (measured as the proportion of people...

Persistent link: https://www.econbiz.de/10010282529

Financial development and the distribution of income in Latin America and the Caribbean

Canavire-Bacarreza, Gustavo; Rioja, Felix - 2008

One of the central concerns in Latin America and the Caribbean (LAC) has been the reduction of poverty and inequality so prevalent in the continent. Using large world samples, the literature has found that financial development increases economic growth, increases the income of the poor, and...

Persistent link: https://www.econbiz.de/10010269162

Corruption, shadow economy and income inequality: Evidence from Asia

Kar, Saibal; Saha, Shrabani - 2012

harmful to inequality. We investigate if this relationship is equally compelling for developing countries in Asia where … corruption, inequality and shadow economies are considerably large. We use Panel Least Square and Fixed Effects Models for Asia … economies in South Asia, the income inequality tends to fall. …

Persistent link: https://www.econbiz.de/10010291305

The great happiness moderation

Clark, Andrew E.; Flèche, Sarah; Senik, Claudia - 2012

This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced positive income growth over the last forty years, in particular in developed countries. This new stylized fact comes as an addition to the Easterlin paradox, which states that...

Persistent link: https://www.econbiz.de/10010287588

The Relationship between Income Inequality, Poverty and Globalisation

Heshmati, Almas - 2004

This paper introduces two composite indices of globalisation. The first is based on the Kearney/Foreign Policy magazine and the second is obtained from principal component analysis. They indicate the level of globalisation and show how globalisation has developed over time for different...

Persistent link: https://www.econbiz.de/10010262026

The social impact of globalization in the developing countries

Lee, Eddy; Vivarelli, Marco - 2006

In this paper an ex-post measurable definition of globalization has been used, namely increasing trade openness and FDI. A general result is that the optimistic Heckscher-Ohlin/Stolper-Samuelson predictions do not apply, that is neither employment creation nor the decrease in within-country...

Persistent link: https://www.econbiz.de/10010267341

Review of the recent trends in development economics research: with experience from the federal region of Kurdistan

Heshmati, Almas - 2007

This study is a review of the recent trends in development economics research. The focus is on the development in the recent decades as a result of increased globalization of knowledge, technologies and economies. In particular I look at the development in a number area where similar trends are...

Persistent link: https://www.econbiz.de/10010268174