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Capita Income Growth (capita + income_growth)
Selected AbstractsSocial Security and Growth in an Altruistic EconomyGERMAN ECONOMIC REVIEW, Issue 1 2002Berthold U. Wigger This paper studies the macroeconomic impact of private and public intergenerational transfers in the presence of endogenous growth. It focuses on two-sided altruism implying that individuals have both a motive to make gifts to their parents and a motive to leave bequests to their children. The growth effects of social security depend on whether children are making gifts to their parents or parents are leaving bequests to their children. Which of the transfers is operative, in turn, depends on the size of social security benefits. Social security is legislated endogenously. The introduction of a social security program which definitely reduces per capita income growth and harms future generations is contemplated by altruistic individuals even if non-altruistic individuals disapprove it. [source] Aid allocation to fragile states: Absorptive capacity constraintsJOURNAL OF INTERNATIONAL DEVELOPMENT, Issue 5 2009Simon Feeny Abstract The international donor community has grave concerns about the effectiveness of aid to countries it classifies as ,fragile states'. The impact of aid on growth and poverty reduction and the ability to efficiently absorb additional inflows is thought to be significantly lower in these countries compared to other recipients. This paper examines this issue and suggests that a while a number of fragile states can efficiently absorb more aid than they have received, a number receive far more aid than they can efficiently absorb from a perspective based purely on per capita income growth. Policy recommendations are provided. Copyright © 2008 John Wiley & Sons, Ltd. [source] Migration and the Tiebout-Tullock Hypothesis RevisitedAMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 2 2009Richard J. Cebula This study investigates, using state-level data for the period 2000,2005, the Tiebout hypothesis (as extended by Tullock) of "voting with one's feet." This analysis differs from previous related studies not only in its adoption of more current migration and other data but also in other ways. First, unlike most earlier related studies, it includes a separate measure of the overall cost of living; second, it examines per pupil (rather than per capita) outlays on public primary and secondary education; and third, in addition to property taxes, it also focuses on per capita state income tax burdens. Inclusion of the last of these variables in the analysis is based on studies that have found the existence of a state income tax to have influenced migration patterns and other studies that have found higher state income tax levels to have resulted in reduced per capita income growth over time. Moreover, including both property tax burdens and income tax burdens broadens the scope of the hypothesis. Strong empirical support for the Tiebout-Tullock hypothesis (as interpreted here) is obtained for the study period. [source] Changing Engines of Growth in China: From Exports, FDI and Marketization to Innovation and ExportsCHINA AND WORLD ECONOMY, Issue 2 2008Furong Jin O30; O40; R11 Abstract This paper investigates the changing sources of growth in post-reform China. Using cross-province regressions, this paper finds that, in earlier periods, exports, foreign direct investment and marketization were significantly related to per capita income growth, whereas since the late 1990s, foreign direct investment and marketization have lost their significance and have been replaced by new sources of growth, such as innovation and knowledge, with only exports continuing to be important. This finding is robust after controlling for other variables representing other economic policies and provincial characteristics. We also tackle the possible endogeneity of innovation variables using the instrumental variables estimation method. [source] | |||||||||||||