Does Spatial Heterogeneity Matter in the EU Regions’ Convergence Income Process?

Income Convergence In Iranian Regions

income convergence in iranian regions

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When does Heterogeneity Matter?

How do movements in the distribution of income a¤ect the macroeconomy? Krusell and Smith (1998) analyzed this question in a neoclassical growth model, and their results show that the representative-agent assumption provides a good approximation for aggregate behaviors of heterogeneous agents. This paper extends their analysis to a cash-in-advance model with heterogeneous money demand. It is sho...

Evidence on Income Convergence and Heterogeneity

20 Years of German Unification: Evidence on Income Convergence and Heterogeneity We analyse the convergence and heterogeneity of living standards between East and West Germany since unification. Based on data from the German Socio-Economic Panel (GSOEP), we compare total individual income of permanent adult residents, including retirees and the unemployed, of East and West Germany over the fift...

Globalization and Income Inequality: Does the Level of Financial Development Matter?

This paper examines the impact of globalization on income inequality in a panel of 78 developed and developing countries over 2002–2015. Moreover, the indirect effect of financial development in the link between globalization and income inequality is also analyzed by incorporating the interaction term between globalization and financial development. The empirical evidence based on the first-dif...