Search results for "Per capita"
showing 10 items of 107 documents
Growth vs. Level Effect of Population Change on Economic Development: An Inspection into Human-Capital-Related Mechanisms
2011
This paper studies the different mechanisms and the dynamics through which demography is channeled to the economy. We analyze the role of demographic changes in the economic development process by studying the transitional and the long-run impact of both the rate of population growth and the initial population size on the levels of per capita human capital and income. We do that in an enlarged Lucas-Uzawa model with intergenerational altruism. In contrast to the existing theoretical literature, the long-run level effects of demographic changes, i.e. their impact on the levels of the variables along the balanced growth path, are deeply characterized in addition to the more standard long-run …
New Evidence on Regional Inequality in Iberia (1900–2000)
2014
AbstractThis article presents new evidence on the evolution of regional inequality in Iberia from 1900 to 2000 from a geographical perspective. To do so we introduce a new historical dataset of regional gross domestic products (GDPs) for Spanish NUTS III and Portuguese Historical Districts, synthetic indices of regional inequality, and different measures of spatial correlation across regional per capita GDPs. The results show that the Portuguese and Spanish national economic integration processes initially led to the economic specialization across Iberian regions promoting the divergence in terms of their regional per capita GDPs. Notwithstanding, ulterior advances in the integration of nat…
The Physical Economy of France (1830–2015). The History of a Parasite?
2019
Abstract This article explores long-term trends and patterns of material use in France for a 185-year period. It is the first long-term study of material flows for France with national and yearly data for most of the period. Based on a material flow analysis (MFA) that is fully consistent with current standards of economy-wide MFAs and covers domestic extraction, imports, and exports of materials, we investigated the evolution of the French metabolism from industrialization to financialized capitalism. Over the whole period, there is a 9-fold increase in domestic material consumption, an expansion of material use per capita, and a spectacular addition of abiotic resources (fossil fuels and …
Decomposing changes in the conditional variance of GDP over time
2017
A well established fact in the growth empirics literature is the increasing (unconditional) variation in output per capita across countries. We propose a nonparametric decomposition of the conditional variation of output per capita across countries to capture different channels over which the variation might be increasing. We find that OECD countries have experienced diminishing conditional variation while other regions have experienced increasing conditional variation. Our decomposition suggests that most of these changes in the conditional variance of output are due to unobserved factors not accounted for by the traditional growth determinants. In addition to this we show that these facto…
Short-Run Dynamics of the Trade Balance in the EMU-12 Countries
2016
During the pre-EMU period real effective exchange rate or domestic and foreign GDP per capita growth rate differential Granger-caused aggregate trade balance in most of the EMU-12 countries. However, our data-driven paper provides evidence that during the EMU period neither the growth differentials nor the CPI-based real effective exchange rates have Granger-caused the aggregate trade balances. When we decompose the aggregate trade balances into the intra balances (trade balance vis-a-vis the euro area) and the extra balances (trade balance vis-a-vis the rest of the world), we find that typically the change in the dynamics of the aggregate trade balance resulted from a change in the dynamic…
GDP clustering: A reappraisal
2012
Abstract This note explores clustering in cross country GDP per capita using recently developed model based clustering methods for panel data. Previous research characterizing the components of the overall distribution of output either use ad hoc methods, or methods which ignore/subvert the panel nature of the data. These new methods allow the characterization of the possible autoregressive relationship of output between time points. We show that traditional static clustering decade by decade gives mixed results regarding clustering over time, while the application of longitudinal mixtures presents three distinct clusters at all periods of time.
Determinants of sub-central European government debt
2017
Abstract The aim of this paper is to analyze the determinants of sub-central government debt in Europe (Italy, France, Austria, Germany, Belgium and Spain) through estimation for each State based on corresponding panel data from 1996 to 2010. Furthermore, we estimate the debt model using a joint sample, consolidating conclusions on the most influential variables in terms of public debt. A comparative analysis of institutional frameworks in Europe shows that relationships between central and sub-central tax authorities have common traits, although the extent of change in each country remains unknown. In sum, this study shows that sub-sovereign government budgets are counter-cyclical, that ec…
On the mechanics of progress in primary education
2003
03045; International audience; As countries grow rich, education improves in many ways. The sector enjoys more resources for education per primary school-aged child, not because of bigger budget allocations, nor an easing of the demographic burden on the system, but because the cost of inputs, especially teacher salaries, decline substantially relative to the per capita GNP. The extra resources enable countries to expand coverage and reduce the pupil–teacher ratio, with the latter receiving increasing emphasis during the past 20 years. The implicit trade-off against coverage raises questions about the efficiency and equity of education policies in developing countries, particularly in setti…
Redistribution, selection, and trade
2017
Abstract This paper examines the distributional effects of international trade in a general equilibrium model with heterogeneous agents and a welfare state redistributing income. The redistribution scheme is financed by a progressive income tax and gives the same absolute transfer to all individuals. Ceteris paribus, international trade leads to an increase in income per capita but also to higher income inequality on two fronts. Inter-group inequality between managers and workers increases, and intra-group inequality within the group of managers goes up as well. We show that for a given tax rate, there is an endogenous increase in the size of the welfare state that works against the increas…
Human Capital Inequality, Life Expectancy and Economic Growth
2006
This article presents a model in which inequality affects per capita income when individuals decide to invest in education taking into account their life expectancy, which depends to a large extent on the human capital of their parents. Our results show the existence of multiple steady states depending on the initial distribution of education. The low steady state is a poverty trap in which children raised in poor families have low life expectancy and work as non-educated workers. The empirical evidence suggests that the life expectancy mechanism explains a major part of the relationship between inequality and human capital accumulation. Increases in life expectancy and human capital accumu…