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Full-Text Articles in Econometrics
Income Inequality And Economic Incentives: Is There An Equity-Efficiency Tradeoff?, Lonnie K. Stevans
Income Inequality And Economic Incentives: Is There An Equity-Efficiency Tradeoff?, Lonnie K. Stevans
Lonnie K. Stevans
What is the basis and direction of relationship between income inequality and economic growth? The equity versus efficiency dictum which predicts a positive relationship between inequality, capital formation, and real GDP growth—emphasizes the importance of economic incentives. Subsequently, this was challenged by the incomplete markets and political outcomes theories, because of increasing empirical evidence of an inverse relationship between income inequality and economic growth. In this paper, a further explanation of the basis and nature of the inequality–capital–growth relationship is presented, which emphasizes the divergence between savings and investment. For the United States, over the period 1970–2006, we have found …
On The Measurement Of Total Factor Productivity: A Latent Variable Approach, Marco Morales, Rodrigo Fuentes
On The Measurement Of Total Factor Productivity: A Latent Variable Approach, Marco Morales, Rodrigo Fuentes
Marco Morales
No abstract provided.
The Real Yield Curve And Macroeconomic Factors In The Chilean Economy, Marco Morales
The Real Yield Curve And Macroeconomic Factors In The Chilean Economy, Marco Morales
Marco Morales
No abstract provided.