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1

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Fiscal decentralization, public spending, and economic growth in China / (1996)

Zhang, Tao, 1963- ; Zou, Heng-fu. ; World Bank. Policy Research Dept. ; [et al.]

Washington, DC :World Bank, Policy Research Dept., Public Economics Division,

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UID:

almafu_9958099025402883

Format: 45 pages : , illustrations ; , 28 cm.

Series Statement: Policy research working paper ; 1608

Note: "May 1996"--Cover.

Language: English

URL: Volltext (kostenfrei)

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Finance and income inequality : test of alternative theories (2003)

Clarke, George R. G. [Verfasser] ; Zou, Heng-fu [Verfasser] 1962- ; Xu, Lixin Colin [Verfasser] ; [et al.]

Washington, D.C : Investment Climate, Development Research Group, World Bank

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UID:

b3kat_BV040617618

Format: 1 Online-Ressource (24 Seiten)

Series Statement: Policy research working paper 2984

Note: "February 27, 2003. - Includes bibliographical references. - Title from title screen as viewed on March 3, 2003 , Erscheinungsjahr in Vorlageform:[2003] , Weitere Ausgabe: Clarke, George R. G: Finance and income inequality

Additional Edition: Reproduktion von Clarke, George R. G. Finance and income inequality 2003

Language: English

URL: Volltext (URL des Erstveröffentlichers)

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3

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The Spirit of Capitalism, Precautionary Savings, and Consumption (2009)

Luo, Yulei 1975- ; Smith, William T. ; Zou, Heng-fu 1962-

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UID:

gbv_1017850089

Format: Online-Ressource

Content: Recent research has shown that the "spirit of capitalism"--a preference for wealth itself, in addition to consumption--has important implications for growth and asset pricing. This paper explores how the spirit of capitalism affects saving and consumption behavior. We demonstrate that the spirit of capitalism may reduce the importance of precautionary savings. It can also explain the excess sensitivity puzzle: the spirit of capitalism causes dramatic deviations from a random walk. It may also offer a partial explanation of the excess smoothness puzzle

Language: English

URL: Volltext (kostenfrei)

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A Note on Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity (2010)

Luo, Yulei 1975- ; Gong, Liutang ; Zou, Heng-fu 1962-

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UID:

gbv_1017850070

Format: Online-Ressource

Content: Empirical evidence shows that entrepreneurs hold a large fraction of wealth, have higher saving rates than workers, and face substantial uninsurable entrepreneurial and investment risks. This paper constructs a heterogeneous-agent general equilibrium model with uninsurable entrepreneurial risk and capital-market imperfections to explore the implications of uninsurable entrepreneurial risk for wealth distribution and aggregate activity in an incomplete market economy. It is shown that entrepreneurial risk can substantially affect both the wealth distribution and the macroeconomy

Language: English

URL: Volltext (kostenfrei)

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5

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Finance and income inequality : test of alternative theories (2003)

Clarke, George R. G. ; Xu, Lixin Colin. ; Zou, Heng-fu. ; [et al.]

Washington, D.C. :Investment Climate, Development Research Group, World Bank,

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UID:

almafu_9958083481202883

Series Statement: Policy research working paper ; 2984

Note: "February 27, 2003." , Title from title screen as viewed on March 3, 2003. , Also available in printing.

Language: English

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Finance and Income Inequality : Test of Alternative Theories (2003)

Clarke, George R. G. [VerfasserIn] ; Xu, Lixin Colin [VerfasserIn] ; Zou, Heng-fu [VerfasserIn] 1962-

World Bank, Washington, DC

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UID:

gbv_1759672890

Format: 1 Online-Ressource

Series Statement: Policy Research Working Paper No. 2984

Content: Although theoretical models make distinct predictions about the relationship between financial sector development and income inequality, little empirical research has been conducted to compare their relative explanatory power. The authors examine the relation between financial intermediary development and income inequality in a panel data set of 91 countries for the period 1960-95. Their results provide evidence that inequality decreases as economies develop their financial intermediaries, consistent with the theoretical models in Galor and Zeira (1993) and Banerjee and Newman (1993). Moreover, consistent with the insight of Kuznets, the relation between the Gini coefficient and financial intermediary development appears to depend on the sectoral structure of the economy: a larger modern sector is associated with a smaller drop in the Gini coefficient for the same level of financial intermediary development. But there is no evidence of an inverted-U-shaped relation between financial sector development and income inequality, as suggested by Greenwood and Jovanovic (1990). The results are robust to controlling for biases introduced by simultaneity

Note: English , en_US

Language: English

URL: kostenfrei

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Finance and income inequality : test of alternative theories (2003)

Clarke, George R. G. ; Xu, Lixin Colin. ; Zou, Heng-fu. ; [et al.]

Washington, D.C. :Investment Climate, Development Research Group, World Bank,

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UID:

edoccha_9958083481202883

Series Statement: Policy research working paper ; 2984

Note: "February 27, 2003." , Title from title screen as viewed on March 3, 2003. , Also available in printing.

Language: English

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8

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Finance and income inequality : test of alternative theories (2003)

Clarke, George R. G. ; Xu, Lixin Colin. ; Zou, Heng-fu. ; [et al.]

Washington, D.C. :Investment Climate, Development Research Group, World Bank,

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UID:

edocfu_9958083481202883

Series Statement: Policy research working paper ; 2984

Note: "February 27, 2003." , Title from title screen as viewed on March 3, 2003. , Also available in printing.

Language: English

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9

Article

Dollarization and inflation in a two-country optimization model (1993)

Zou, Heng-fu 1962-

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UID:

kobvindex_DGP38877584X

ISSN: 0261-5606

In: Journal of international money and finance, Amsterdam [u.a.] : Elsevier, 1982, 12 (1993),2, S. 209-222, 0261-5606

In: volume:12

In: year:1993

In: number:2

In: pages:209-222

Language: English

Keywords: Aufsatz in Zeitschrift

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Informationszentrum DGAP

Kooperativer Bibliotheksverbund

Berlin Brandenburg