Showing posts with label Inclusive Growth. Show all posts
Sunday, January 6, 2019
Below is a preliminary list of papers that were presented at this year’s AEA Annual Meeting on January 4-6 in Atlanta, Georgia.
On income inequality
On wage and employment inequality
On gender inequality
On inequality and everything else
Below is a preliminary list of papers that were presented at this year’s AEA Annual Meeting on January 4-6 in Atlanta, Georgia.
On income inequality
Posted by 4:54 PM
atLabels: Inclusive Growth
Thursday, January 3, 2019
From Finance & Development:
“Al Capone had a problem: he needed a way to disguise the enormous amounts of cash generated by his criminal empire as legitimate income. His solution was to buy all-cash laundromats, mix dirty money in with clean, and then claim that washing ordinary Americans’ shirts and socks, rather than gambling and bootlegging, was the source of his riches.
Almost a century later, the basic concept of money laundering is the same, but its scale and complexity have grown considerably. Were Capone alive today, he would have to run his washers and dryers around the clock to keep pace with demand; the United Nations recently estimated that the criminal proceeds laundered annually amount to between 2 and 5 percent of global GDP, or $1.6 to $4 trillion a year.
Threat to stability
Money laundering is what enables criminals to reap the benefits of their crimes, including corruption, tax evasion, theft, drug trafficking, and migrant smuggling. Many of these crimes pose a direct threat to economic stability. Corruption and tax evasion make it difficult for governments to deliver sustainable and inclusive growth by diminishing the resources available for productive purposes, such as building roads, schools, and hospitals. Criminal activity undermines state authority and the rule of law while squeezing out legitimate economic activity. And money laundering may create asset bubbles in markets like real estate, a common vehicle.
A recent example illustrates the point. A Guinean minister helped a foreign company obtain important mining concessions in exchange for $8.5 million in bribes. Falsely reporting that money as income from consulting work and private land sales, the minister transferred it to the United States and bought a luxury estate in New York. But his effort to turn ill-gotten gains into a seemingly legitimate asset was ultimately unsuccessful; last year, he was convicted of money laundering.
In some ways, expensive homes are the modern mobster’s collection of laundromats. A public advisory issued by US authorities last year indicated that over 30 percent of high-value, all-cash real estate purchases in New York City and several other major metropolitan areas were conducted by individuals already suspected of involvement in questionable dealings. The governments of Australia, Austria, Canada, and other countries have concluded that their own real estate markets could also be used to invest and launder dirty money.
Terrorism financing
More worrying still, dirty money—along with clean—may be a source of funding for terrorism and the proliferation of weapons of mass destruction. Terrorist groups need money, lots of it, to compensate fighters and their families; buy weapons, food, and fuel; and bribe crooked officials. Similarly, proliferation does not come cheap. For example, North Korea has reportedly devoted a substantial portion of its scarce resources to developing nuclear weapons.”
Continue reading here.
Rhoda Weeks-Brown
From Finance & Development:
“Al Capone had a problem: he needed a way to disguise the enormous amounts of cash generated by his criminal empire as legitimate income. His solution was to buy all-cash laundromats, mix dirty money in with clean, and then claim that washing ordinary Americans’ shirts and socks, rather than gambling and bootlegging, was the source of his riches.
Almost a century later, the basic concept of money laundering is the same,
Posted by 9:43 AM
atLabels: Inclusive Growth
Tuesday, December 25, 2018
From a new paper on the service exports in Europe:
“In this paper, we consider the changes that occurred in the service exports of thirty-eight European countries in the period of 2005–2016. We have found that the existing world trend related to the growth of service exports is also present in Europe. However, the trend of the service exports’ share growth in the general volume of export is not common for all European countries. We found that higher growth rates are observed in European countries with lower levels of GDP per capita. We also discovered the presence of a strong positive correlation between growth in service exports and GDP growth, as well as between growth in service exports and GDP per capita. We also found that there is a linear correlation between the growth of service exports and the growth of GDP per capita, as well as between the growth in service exports and GDP growth. The data obtained allowed us to conclude that European countries, categorized as “Innovation Leaders” in accordance with the European Innovation Scoreboard, are not the leading countries in Europe with regard to the rates of service export growth. We also discovered that service exports in Europe are less sensitive to adverse macroeconomic effects than goods exports.”
From a new paper on the service exports in Europe:
“In this paper, we consider the changes that occurred in the service exports of thirty-eight European countries in the period of 2005–2016. We have found that the existing world trend related to the growth of service exports is also present in Europe. However, the trend of the service exports’ share growth in the general volume of export is not common for all European countries.
Posted by 8:20 PM
atLabels: Inclusive Growth
From a new paper by Sabina Dewan
“As technological advancements proceed at an unprecedented scale and speed upending traditional employment models, researchers across the globe are working frenetically to understand how the world of work is changing and what the future holds. This paper explores the most important questions that scholars, policymakers and practitioners are grappling with in understanding the nexus of technology and jobs. It outlines what we know and where gaps remain. Understanding the potential reach of technological change along with emerging preferences and modes of organization can help us balance priorities across a broad range of actors. There is a need for urgent action to direct the impact that technology has on jobs. This means deliberate choices about work design on the part of employers, exploring new and innovative ways of organizing workers and creating a new set of government policies and regulations to manage the proliferation and effect of technology on jobs.”
From a new paper by Sabina Dewan
“As technological advancements proceed at an unprecedented scale and speed upending traditional employment models, researchers across the globe are working frenetically to understand how the world of work is changing and what the future holds. This paper explores the most important questions that scholars, policymakers and practitioners are grappling with in understanding the nexus of technology and jobs. It outlines what we know and where gaps remain.
Posted by 8:15 PM
atLabels: Inclusive Growth
Tuesday, December 11, 2018
From a new Tinbergen Institute Discussion Paper:
“Recently, in an important paper, Ball et al. (2017) investigated the Okun relationship for the US and 20 other advanced economies. Focusing on the fit of the relationship between the unemployment rate and output (using both the gap and difference form of Okun’s Law) they find for US data over the sample period 1948-2013 that Okun’s law is a strong, reliable and stable relationship and that a constant (not time-varying) Okun coefficient is a good approximation to reality. They also noted that the Okun coefficient appears to be larger during recessions than during expansions. How can we reconcile empirical evidence that Okun’s coefficient is stable over time, while being asymmetric over the business cycle?
Our paper proposes another look at the relationship between changes in the unemployment rate and output growth through the lens of labor market flows. As far as we know, no one has utilized flows data in this context. Yet clearly the change in the unemployment rate reflects the balance of flows into and out of unemployment within a period and thus it is natural to look at the Okun relationship as a relationship between output growth and labor market flows.”
From a new Tinbergen Institute Discussion Paper:
“Recently, in an important paper, Ball et al. (2017) investigated the Okun relationship for the US and 20 other advanced economies. Focusing on the fit of the relationship between the unemployment rate and output (using both the gap and difference form of Okun’s Law) they find for US data over the sample period 1948-2013 that Okun’s law is a strong, reliable and stable relationship and that a constant (not time-varying) Okun coefficient is a good approximation to reality.
Posted by 8:46 PM
atLabels: Inclusive Growth
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