We show how, in general equilibrium models featuring increasing returns, imperfect competition and endogenous markups, changes in the scale of economic activity affect income distribution across factors. Whenever Þnal goods are gross-substitutes (grosscomplements), a scale expansion raises (lowers) the relative reward of the scarce factor or the factor used intensively in the sector characteriz...

Are roads key to raising living standards in poor rural areas? This study evaluates the impact of the World Bank–financed Viet Nam rural transport project I, a large-scale rural roads rehabilitation project that aims to reduce poverty. The analysis will focus on the welfare impacts of rural roads as an input to policy discussion about how best to allocate scarce public resources for poverty red...

This study explores and describes the relationships among neighbourhood characteristics, social capital, and health outcomes among low-income urban residents in Francistown, Botswana. Using an explanatory correlational research design to explore the relationships among the study variables, data were collected from 388 low-income urban residents in Francistown, Botswana. The study further examin...

In the U.S. business income is taxed several times at different sources, including corporate income, dividends, capital gains, and interest payments. We investigate how the different rates above affect firm investment and the allocation of capital in the economy. To do so, we construct and calibrate a model with heterogeneous firms, borrowing constraints, costly equity issuance and endogenous e...

___________________________________________________________________ A problem facing the United States is financing retirement consumption as its population ages. Policy analysts increasingly advocate savings-for-retirement systems, but are concerned with insufficient savings opportunities with limited government debt. This concern is unwarranted. First, there is more productive capital than co...

Are roads the key to raising living standards in poor rural areas? This study evaluates the impact of the World Bank–financed Viet Nam rural transport project I, a large-scale rural roads rehabilitation project that aims to reduce poverty. The analysis will focus on the welfare impacts of rural roads as an input to policy discussion about how best to allocate scarce public resources for poverty...

This article describes an empirical exploration of relationships among aspects of thirty health districts in Saskatchewan, Canada. These aspects include social capital, income inequality, wealth, governance by regional health authorities and population health, the primary dependent variable. The social capital index incorporated associational and civic participation, average and median househol...

The paper analyzes the effects of a source-based capital income tax on production and market structures, trade and capital flows as well as national and global welfare. The analysis is carried by means of a general equilibrium model of trade which incorporates international capital flows as well as the existence of multinational enterprises. The focus of the paper is on identifying the influenc...

Technical Abstract: Recent advances in the growth literature have proposed that difficult to quantify concepts such as social capital may play an important role in explaining the degree of persistent income disparity that is observed among countries. Other recently explored possibilities include institutional mechanisms which generate barriers to aggregate production. An important limitation fo...

S ince the early 2000s, research by Thomas Piketty and Emmanuel Saez (and their coauthors, including Anthony Atkinson and Gabriel Zucman) has revolutionized our understanding of income and wealth inequality. The crucial point of departure for this revolution is the extensive data they have used, based largely on administrative tax records. Piketty’s (2014) Capital in the Twenty-First Century is...