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Structural Change and Economic Dynamics
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#1Juan Gabriel Brida (University of the Republic)H-Index: 28
#2Edgar J. Sanchez Carrera (University of Urbino)
Last.Verónica Segarra (University of the Republic)
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Abstract This study explores the dynamic relationship between income inequality and economic growth by using a non-parametric approach and numerical taxonomy as a research method based on data symbolization and clustering methods. The study uses annual data of the GINI index (considering two databases, i.e. the Standardized World Income Inequality Database (SWIID) and the Estimated Household Income Inequality Data Set (EHII)) and the Per Capita GDP Growth Rates (economic growth variable) for two...
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#1Nadia Garbellini (UCSC: Catholic University of the Sacred Heart)
Abstract Thomas Piketty's (2014) Capital in the XXI Century analyzes distributions of income and wealth in a set of developed countries and their determinants, from the nineteenth century to the present. The objective is a bold one, made even more so by the fact that Piketty pursues it not only from a theoretical, but also from an empirical point of view. The task is particularly impressive not only because of the enormous effort required in organizing data, but also because it entails attaching...
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#1Elena Cefis (Sant'Anna School of Advanced Studies)H-Index: 16
#2Eleonora Bartoloni (University of Parma)
Last.Marco Bonati (University of Bergamo)
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Abstract This work evaluates how firms' financial conditions influence the relationship between firms' innovation and their survival during the recent economic crises. By using an original and integrated sample of 6542 Italian manufacturing firms, we show that, in general, innovation still grants a survival premium during recession times even when financial conditions moderate the relationship innovation-survival. We argue that firms' financial conditions do not eliminate the innovation premium ...
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#1Santacruz Banacloche (UCLM: University of Castilla–La Mancha)
#2María-Ángeles Cadarso (UCLM: University of Castilla–La Mancha)H-Index: 8
Last.Fabio Monsalve (UCLM: University of Castilla–La Mancha)H-Index: 6
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Abstract Global value chains (GVC) describe the functioning of international trade today. A widely used way to measure GVC is the input-output analysis. However, many developing countries are not covered in the main multi-regional input-output (MRIO) databases, hindering the measurement of GVC in regions like South America. The purpose of this paper is to analyse the role of South America in GVC using a novel regional input-output table (RIOT). To this end, a novel adaptation of Koopman, Wang an...
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#1Ramon Lopez (University of Chile)H-Index: 47
#2Sang Won Yoon (SCSU: Southern Connecticut State University)H-Index: 3
Abstract This paper examines the feasibility of environmentally sustainable growth in a competitive market economy assuming various types of technological changes affecting pollution emissions and ultimately climate change. We consider two final outputs and two factors of production, accounting for both pollution flow and stock effects. If the initial level of pollution emissions satisfies certain boundary conditions, a Pigouvian pollution tax may assure sustainable growth without any further go...
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#1Cristiano Antonelli (Collegio Carlo Alberto)H-Index: 37
#2Christophe Feder (Collegio Carlo Alberto)H-Index: 1
Abstract The direction and rate of technological change in the global economy exhibit contrasting trends. Since the end of the XX century, the rate of technical change measured by productivity growth has been stronger if its direction is more labor-intensive. This puzzling finding can be explained using an interpretative framework that integrates the induced technological change and localized knowledge approaches with the Schumpeterian creative response. It is hypothesized that the globalization...
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#1Sabine Klinger (University of Regensburg)H-Index: 7
#2Enzo Weber (University of Regensburg)H-Index: 9
"This paper investigates the time-varying relationship between German output and employment growth, in particular their decoupling in recent years. We estimate a correlated unobserved components model that allows for both persistent and cyclical time variation in the employment impact of GDP as well as an autonomous employment component capturing other factors than real output. As one result, we measure a permanent decline in Verdoorn's coefficient as well as pronounced effects of the autonomous...
5 CitationsSource
#2Yunxia Guo (BIT: Beijing Institute of Technology)
Last.Siyu Ren (XJU: Xinjiang University)
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Abstract In this study, the provincial panel data of 29 provinces in China from 2003 to 2016 were selected to conduct an empirical study on the impact of China's outward foreign direct investment (OFDI) on domestic carbon dioxide emissions. The three major effects of OFDI on environmental pollution in the home country, namely scale effect, technical effect and composition effect, are estimated by a single equation model and simultaneous equation model. The results show that China's OFDI has incr...
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#1Yan Song (CUMT: China University of Mining and Technology)H-Index: 1
#2Junjie Sun (CUMT: China University of Mining and Technology)
Last.Bin Su (NUS: National University of Singapore)H-Index: 28
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Abstract This paper deduces the connection between Per capita GDP (g) and the Tapio decoupling index (D) as a formula. Then, a two-dimensional decoupling model (Tapio-Z decoupling model) and decoupling analysis framework is constructed based on a Cartesian coordinate system with Per capita GDP (g) as horizontal axis and Tapio decoupling index (D) as vertical axis. Finally, the decoupling status of China's CO2 emissions at provincial level and its dynamic path over the period 2000–2016 is explore...
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Abstract This paper deals with the following two issues in a post Keynesian system: the existence and uniqueness of a growth cycle and the effectiveness of a counter-cyclical monetary policy for stabilization. It is found that the unique growth cycle, represented by the unique limit cycle, can be observed if the rate of interest is set to a constant level while that the long-run equilibrium can be globally asymptotically stable if an appropriate counter-cyclical monetary policy is conducted.
1 CitationsSource
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