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A Nonparametric And Semiparametric Analysis On The Inequality Development Relationship
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Book Synopsis A Nonparametric and Semiparametric Analysis on the Inequality-Development Relationship by : Kui-Wai Li
Download or read book A Nonparametric and Semiparametric Analysis on the Inequality-Development Relationship written by Kui-Wai Li and published by . This book was released on 2015 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the income inequality and economic development relationship by using unbalanced panel data of OECD and non-OECD countries for the period 1962-2003. The nonparametric estimation results show that income inequality in OECD countries are almost on the backside of the inverted-U relationship, while non-OECD countries are approximately on the foreside, except that the relationship in both country groups shows an upturn at a high level of development. Development has an indirect effect on inequality through control variables, but the modes are different in the two groups. The model specification tests show that the relationship is not necessarily captured by the conventional quadratic function. The cubic and fourth-degree polynomials, respectively, fit the OECD and non-OECD country groups best. Our finding is robust regardless whether the specification uses control variables. Development plays a dominant role in mitigating inequality.
Book Synopsis Nonparametric and Semiparametric Analysis on Inequality and Development by : Kui-Wai Li
Download or read book Nonparametric and Semiparametric Analysis on Inequality and Development written by Kui-Wai Li and published by . This book was released on 2015 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the income inequality and economic development relationship by using unbalanced panel data of OECD and non-OECD countries (regions) for the period 1962-2003. The nonparametric estimation results show that income inequality in OECD countries is almost on the backside of the inverted-U relationship, while non-OECD countries are approximately on the foreside, except that the relationship in both country groups shows an upturn at a high level of development. Development has an indirect effect on inequality through control variables, but the modes are different in the two country groups. The model specification tests show that the relationship is not necessarily captured by the conventional quadratic function. The cubic and fourth-degree polynomials, respectively, fit the OECD and non-OECD country groups best. Our finding is robust regardless of whether the specification uses control variables. Development plays a dominant role in mitigating inequality.
Book Synopsis Semiparametric Analysis of Inequality and Growth Using Panel Data by : Dustin Lee Chambers
Download or read book Semiparametric Analysis of Inequality and Growth Using Panel Data written by Dustin Lee Chambers and published by . This book was released on 2004 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Analyzing the Kuznets Relationship Using Nonparametric and Semiparametric Methods by : Kui-Wai Li
Download or read book Analyzing the Kuznets Relationship Using Nonparametric and Semiparametric Methods written by Kui-Wai Li and published by . This book was released on 2015 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the income inequality and economic development relationship by using unbalanced panel data of OECD and non-OECD countries for the period 1962 - 2003. The nonparametric estimation results show that income inequality in OECD countries are almost on the backside of the inverted-U relationship, while non-OECD countries are approximately on the foreside, except that the relationship in both country groups shows an upturn at a high level of development. Development has an indirect effect on inequality through control variables, but the modes are different in the two country groups. The model specification tests show that the relationship is not necessarily captured by the conventional quadratic function. The cubic and fourth-degree polynomials, respectively, fit the OECD and non-OECD country groups best. The finding is robust regardless whether the specification uses control variables. Development plays a dominant role in mitigating inequality.
Book Synopsis Inequality and Development by : xianbo zhou
Download or read book Inequality and Development written by xianbo zhou and published by . This book was released on 2015 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evidences from nonparametric and semiparametric unbalanced panel data models with fixed effects show that Kuznets' inverted-U relationship is confirmed when economic development reaches a threshold. The model tests justify semiparametric specification. The integrated net contribution of control variables to inequality reduction is significant.
Book Synopsis Life Distributions by : Albert W. Marshall
Download or read book Life Distributions written by Albert W. Marshall and published by Springer Science & Business Media. This book was released on 2007-10-13 with total page 785 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is devoted to the study of univariate distributions appropriate for the analyses of data known to be nonnegative. The book includes much material from reliability theory in engineering and survival analysis in medicine.
Book Synopsis Conceptual Economics: The Liaising Role In Politics And Social Sciences by : Kui-wai Li
Download or read book Conceptual Economics: The Liaising Role In Politics And Social Sciences written by Kui-wai Li and published by World Scientific. This book was released on 2021-01-18 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given that there is no shortage of economic theories while economic problems are growing periodically, Conceptual Economics boldly attempts to initiate a new approach by employing conceptual and intuitive tools to examine the intra-relationship between microeconomics and macroeconomics as well as the inter-relationship between economic analysis and other social science studies, especially the relationship with political science. The few intuitive ideas include the separation between ex-ante situations and ex-post outcomes, the difference between endowment differences and unequal outcomes, and the role of economics as a vehicle in the delivery of numerous social and political activities. The discussion extends to cover an analysis on human values and concludes with a recommendation on the functionality of civic capitalism. With intuition and analytical reasoning within economics and with other social sciences, Conceptual Economics can become a new branch in economic study where scholars, analysts and intellectuals could 'think outside the box' by liaising a wider economic perspective and/or amalgamating non-economic aspects into their analysis. This shall provide a new dimension to solving human economic problems and possibly area of intellectuality.
Book Synopsis The Oxford Handbook of Applied Nonparametric and Semiparametric Econometrics and Statistics by : Jeffrey Racine
Download or read book The Oxford Handbook of Applied Nonparametric and Semiparametric Econometrics and Statistics written by Jeffrey Racine and published by Oxford University Press. This book was released on 2014-04 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, edited by Jeffrey Racine, Liangjun Su, and Aman Ullah, contains the latest research on nonparametric and semiparametric econometrics and statistics. Chapters by leading international econometricians and statisticians highlight the interface between econometrics and statistical methods for nonparametric and semiparametric procedures.
Book Synopsis Essays on Nonparametric and Semiparametric Econometrics by : Eduardo García Echeverri
Download or read book Essays on Nonparametric and Semiparametric Econometrics written by Eduardo García Echeverri and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This dissertation consists of three chapters on nonparametric and semiparametric econometrics. Chapter 1 introduces the estimators used in the empirical applications of Chapter 2 and therefore should be read first. Chapter 3 is independent from the first two. The first chapter introduces a measure of intergenerational social mobility based on [phi]-divergences. The measure can be decomposed to study mobility in population subgroups of interest and can be used to describe mobility of multiple outcome variables across an arbitrary number of generations, unlike most indicators in the literature. The measure also fully controls for marginal distributions, meaning it is not affected by income growth or changes in income inequality. I propose two estimators for the measure: a non-parametric estimator and an estimator based on the mobility matrix. I provide conditions under which these estimators are n-consistent and asymptotically normal. In the second chapter, I use a specific [phi]-divergence (the Hellinger distance) to measure multidimensional social mobility in the USA and Germany. For this purpose, I use the Panel Study of Income Dynamics (PSID), the German Socio-Economic Panel (SOEP), and US administrative tax data. The measure reveals lower income and health mobility in the USA than Germany, but the opposite for educational mobility. It also shows income mobility for both countries is lowest in the tails of the parental income distribution and greatest in the centre. This inverted U-pattern is more pronounced in the USA. Most of these empirical findings for population subgroups are hidden to the existing indicators in the literature. Chapter 3 introduces a Low CPU Cost Semiparametric (LCS) estimator for linear single index models. The LCS estimator significantly reduces estimation time when compared to the standard semiparametric estimator in Ichimura (1993). It does so by more than 90% in medium sample sizes. Moreover, it makes estimation feasible in a regular PC when the sample size exceeds 10,000 observations. We provide conditions for consistency and asymptotic normality of the LCS estimator based on spline function theory. In our empirical application, we study determinants of expenditures in vocational rehabilitation (VR) programs using the RSA-911 data, containing information on more than 900,000 workers with disabilities. We find that minorities such as African Americans, Hispanic or females have lower expenditures in VR programs. On the other hand, expenditure is greater for more educated workers."--Pages viii-ix.
Book Synopsis Essays in Honor of Cheng Hsiao by : Dek Terrell
Download or read book Essays in Honor of Cheng Hsiao written by Dek Terrell and published by Emerald Group Publishing. This book was released on 2020-04-15 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Including contributions spanning a variety of theoretical and applied topics in econometrics, this volume of Advances in Econometrics is published in honour of Cheng Hsiao.
Book Synopsis Spatial Inequality and Development by : S. M. Ravi Kanbur
Download or read book Spatial Inequality and Development written by S. M. Ravi Kanbur and published by . This book was released on 2005 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is an introduction to spatial and regional inequality. Drawing on data from 25 countries from around the world, it examines the questions: What exactly is spatial inequality? Why does it matter? And what should be the policy response to it?"--Provided by publisher.
Book Synopsis Growing Income Inequalities by : J. Hellier
Download or read book Growing Income Inequalities written by J. Hellier and published by Springer. This book was released on 2012-11-13 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the widening gap between the wage packets of skilled and unskilled workers that has become a pressing issue for all states in the globalized world economy. Comparing the experiences of more and less developed economies, chapters analyse the underlying causes and key social changes that accompany income inequality.
Book Synopsis Redefining Capitalism in Global Economic Development by : Kui-Wai Li
Download or read book Redefining Capitalism in Global Economic Development written by Kui-Wai Li and published by Academic Press. This book was released on 2017-06-07 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: Redefining Capitalism in Global Economic Development reconsiders capitalism by taking into account the unfolding forces of economic globalization, especially in Asian economies. It explores the economic implications and consequences of recent financial crises, terrorism, ultra-low interest rates that are decades-long, debt-prone countries and countries with large trade surpluses. The book illuminates these economic implications and consequences through a framework of capitalist ideologies and concepts, recognizing that Asia is redefining capitalism today. The author, Li, seeks not to describe why nations fail, but how the sustainability of capitalism can save the world. Merges capitalist theory with global events, as few books do Emphasizes ways to interpret capitalist ideas in light of current global affairs Reframes capitalism via economics, supported by insights from political science, sociology, international relations and peace studies
Book Synopsis Is Inequality Harmful for Growth? by : Torsten Persson
Download or read book Is Inequality Harmful for Growth? written by Torsten Persson and published by . This book was released on 1991 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is inequality harmful for growth? We suggest that it is. To summarize our main argument: in a society where distributional conflict is more important, political decisions are more likely to produce economic policies that allow private individuals to appropriate less of the returns to growth promoting activities, such as accumulation of capital and productive knowledge. In the paper we first formulate a theoretical model that formally captures this idea. The model has a politico-economic equilibrium, which determines a sequence of growth rates depending on structural parameters, political institutions, and initial conditions. We then confront the testable empirical implications with two sets of data. A first data set pools historical evidence-which goes back to the mid 19th century-from the US and eight European countries. A second data set contains post-war evidence from a broad cross-section of developed and less developed countries. In both samples we find a statistically significant and quantitatively important negative relation between inequality and growth. After a comprehensive sensitivity analysis, we conclude that our findings are not distorted by measurement error, reverse causation, hetroskedasticity, or other econometric problems.
Book Synopsis Links Between Growth, Inequality, and Poverty: A Survey by : Ms. Valerie Cerra
Download or read book Links Between Growth, Inequality, and Poverty: A Survey written by Ms. Valerie Cerra and published by International Monetary Fund. This book was released on 2021-03-12 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.
Book Synopsis Innovation and Inequality by : Susan Cozzens
Download or read book Innovation and Inequality written by Susan Cozzens and published by Edward Elgar Publishing. This book was released on 2014-05-30 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Susan Cozzens, Dhanaraj Thakur, and the other co-authors ask how the benefits and costs of emerging technologies are distributed amongst different countries _ some rich and some poor. Examining the case studies of five technologies across eight countri
Book Synopsis Introduction to Empirical Processes and Semiparametric Inference by : Michael R. Kosorok
Download or read book Introduction to Empirical Processes and Semiparametric Inference written by Michael R. Kosorok and published by Springer Science & Business Media. This book was released on 2007-12-29 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kosorok’s brilliant text provides a self-contained introduction to empirical processes and semiparametric inference. These powerful research techniques are surprisingly useful for developing methods of statistical inference for complex models and in understanding the properties of such methods. This is an authoritative text that covers all the bases, and also a friendly and gradual introduction to the area. The book can be used as research reference and textbook.
