Search results for "jel:N14"
showing 3 items of 3 documents
Ragnar Frisch and the Postwar Norwegian Economy
2014
Published version of an article in the journal: Econ Journal Watch. Also available from the publisher at: http://econjwatch.org/articles/ragnar-frisch-and-the-norwegian-postwar-economy. Open Access In the story of Norwegian economics, and of Norwegian economic policy and performance during the postwar years, a central place must be given to Ragnar Frisch (1895-1973). In 1969 he was awarded the first Nobel Prize in economics, together with Jan Tinbergen (1903-1994). In our view, the brighter parts of the story come only in the later years, and they involve the overcoming of Frisch's influence and legacy. As professor, Frisch started a grand project to establish economics as a science based o…
A reply to Olav Bjerkholt on the postwar Norwegian economy
2014
Published version of an article in the journal: Econ Journal Watch. Also available from the publisher at: http://econjwatch.org/articles/a-reply-to-olav-bjerkholt-on-the-postwar-norwegian-economy Open Access Professor Olav Bjerkholt has provided a spirited critique of our 2014 article titled “Ragnar Frisch and the Postwar Norwegian Economy.” Here we reply briefly, noting that many of the quotations he provides actually support our interpretation, that it is naïve of him to play the ideology card, and that he offers no response whatsoever to our central point: that Norway’s postwar growth rates have to be understood in light of the country’s exceptionally high investment ratios, which meant …
Inequality and poverty in a developing economy: Evidence from regional data (Spain, 1860-1930)
2015
Apart from measuring inequality and poverty at the provincial level in Spain between 1860 and 1930, this paper empirically assesses the relationship between economic growth and both inequality and destitution. The results, on the one hand, confirm the presence of a KuznetsÕ curve. However, although growing incomes did not directly contribute to reducing inequality, at least during the early stages of modern economic growth, other processes associated with economic growth significantly improved the situation of the bottom part of the population. On the other hand, growing incomes and lower inequality levels are shown to have been pro-poor.