Full Description

Responsibility Statement by Albert J. Lee
Language Code eng
Edition
Collection Source Springer
Cataloguing Source LibUI eng rda
Content Type text (rdacontent)
Media Type computer (rdamedia)
Carrier Type online resource (rdacarrier)
Physical Description xiv, 61 pages : illustration
Link http://link.springer.com/book/10.1007%2F978-1-4614-1290-8
 
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e20397386 20-25-88080554 TERSEDIA
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 Abstract
This volume highlights the role of institutions in explaining the gulf between inequality and growth, by applying a dynamic general equilibrium framework and by utilizing econometric techniques. Econometrically two important hypotheses are tested. First, assuming there is no difference in institutions, the growth rate increases as inequality decreases. Second, assuming inequality remains unchanged, improvement in the integrity of fiscal institutions results in higher economic growth.