n this paper we propose a novel approach to identify the impact of growth determinants on the distribution dynamics of productivit y. Our approach integrates counterfactual analysis with the estima tion of stochastic kernels. The counterfactuals are constructed from a semi-parametric growth regression, in which the cross-section heterogeneity in the growth determinants is removed. The methodology also allows us to test for potential distributional effects in the residuals. We illustrate the usefulness of the proposed methodology by an application to a cross-section of countries, which highlights the significant impact on inequality and polarization in the world productivity distribution of growth determinants from an augmented Solow model.

Fiaschi, D., Lavezzi AM, Parenti, A. (2013). On the Determinants of Distribution Dynamics. In Discussion Papers. PIsa : Dipartimento di Economia e Management, Università di Pisa.

On the Determinants of Distribution Dynamics

LAVEZZI, Andrea Mario;
2013-01-01

Abstract

n this paper we propose a novel approach to identify the impact of growth determinants on the distribution dynamics of productivit y. Our approach integrates counterfactual analysis with the estima tion of stochastic kernels. The counterfactuals are constructed from a semi-parametric growth regression, in which the cross-section heterogeneity in the growth determinants is removed. The methodology also allows us to test for potential distributional effects in the residuals. We illustrate the usefulness of the proposed methodology by an application to a cross-section of countries, which highlights the significant impact on inequality and polarization in the world productivity distribution of growth determinants from an augmented Solow model.
2013
Fiaschi, D., Lavezzi AM, Parenti, A. (2013). On the Determinants of Distribution Dynamics. In Discussion Papers. PIsa : Dipartimento di Economia e Management, Università di Pisa.
File in questo prodotto:
File Dimensione Formato  
Discussion Papers_n_165.pdf

accesso aperto

Dimensione 1.08 MB
Formato Adobe PDF
1.08 MB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10447/96746
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact