3. Explain the relationship between technology, institutions, differences in endowments, and economic inequality?

Expert Solution

Rahul Sunny answered 9 months ago

Religious Diversity and Economic Inequality Is there a relationship between religious diversity and economic inequality? Please...

Religious Diversity and Economic Inequality Is there a relationship between religious diversity and economic inequality? Please use the RELDIV.csv dataset, which includes the religious diversity index (variable reldiv, independent variable) and economic inequality index (variable wbgini, dependent variable) for 143 countries to answer the question. Compute Spearman’s Rho and interpret the results (strength and PRE interpretation). (20 points) Variable Description Current Coding reldiv Religious fractionalization From 0 to 1. Actual range: 0 – 0.86. wbgini Gini index, a quantified representation...

A) Explain the relationship between economic growth and income inequality. Based on your answer, explain the...

A) Explain the relationship between economic growth and income inequality. Based on your answer, explain the phenomenon described by development economists as the Kuznets Inverted U curve. B) What evidence supported the Kuznets inverted U curve, albeit mostly speculative? [Kuznets readily admitted that the basis for the relationship was “perhaps 5 percent empirical and 95 percent speculation”]. Also, what was W. Arthur Lewis’ model’s evidence and assumption in support of the Inverted U curve? C) What evidence has been advanced...

4. Explain the relationship between technology and inequality. Focus your answer on the workers' wage share.

Explain the difference between inclusive and extractive economic institutions. What are the political and economic outcomes...

Explain the difference between inclusive and extractive economic institutions. What are the political and economic outcomes associated with each type of institution? What are the sources of economic institutions?

3. Explain Adam Smith’s view of the relationship between the division of labor, economic growth and...

3. Explain Adam Smith’s view of the relationship between the division of labor, economic growth and a system of natural liberty. Why did he believe that a system of natural liberty was necessary for economic growth? Elaborate.

Aare economic inequality, wealth inequality, income inequality, and class inequality alike? Explain the difference.

Explain the difference between inclusive and extractive economic institutions. Which economic and political outcomes are associated...

Explain the difference between inclusive and extractive economic institutions. Which economic and political outcomes are associated with each set of institutions? Provide examples.

Question

3. Explain the relationship between technology, institutions, differences in endowments, and economic inequality?

Solutions

Expert Solution

Related Solutions