2016
Simulation framework for testing Piketty’s predictions
KVASNIČKA, MichalZákladní údaje
Originální název
Simulation framework for testing Piketty’s predictions
Název česky
Simulační rámec pro testování Pikettyho předpovědí
Autoři
KVASNIČKA, Michal (203 Česká republika, garant, domácí)
Vydání
Liberec, Czech Republic, 34th International Conference Mathematical Methods in Economics MME 2016 Conference Proceedings, od s. 489-494, 6 s. 2016
Nakladatel
Technical University of Liberec
Další údaje
Jazyk
angličtina
Typ výsledku
Stať ve sborníku
Obor
50202 Applied Economics, Econometrics
Stát vydavatele
Česká republika
Utajení
není předmětem státního či obchodního tajemství
Forma vydání
elektronická verze "online"
Kód RIV
RIV/00216224:14560/16:00087618
Organizační jednotka
Ekonomicko-správní fakulta
ISBN
978-80-7494-296-9
UT WoS
000385239500084
Klíčová slova česky
nerovnost; ekonomický růst; akumulace kapitálu; simulace
Klíčová slova anglicky
inequality; economic growth; capital accumulation; simulation
Příznaky
Mezinárodní význam, Recenzováno
Změněno: 25. 4. 2019 11:01, Mgr. Daniela Marcollová
V originále
It is well known that Piketty’s claim that inequality rises whenever interest rates are higher than economic growth does not hold true in general. However, two of his conjectures are worth of testing: 1) that inequality can grow by a simple capital accumulation, i.e. the rich can get even richer both in absolute and in relative terms just by saving a part of their interest incomes, and 2) that slow economic growth can raise inequality. This paper develops a general simulation framework for testing which assumptions are necessary to get these outcomes. It also tests the conjectures in a simulated heterogeneous Solow model. The simulation shows that inequality does not grow by capital accumulation when there is no economic growth in the model.
Česky
It is well known that Piketty’s claim that inequality rises whenever interest rates are higher than economic growth does not hold true in general. However, two of his conjectures are worth of testing: 1) that inequality can grow by a simple capital accumulation, i.e. the rich can get even richer both in absolute and in relative terms just by saving a part of their interest incomes, and 2) that slow economic growth can raise inequality. This paper develops a general simulation framework for testing which assumptions are necessary to get these outcomes. It also tests the conjectures in a simulated heterogeneous Solow model. The simulation shows that inequality does not grow by capital accumulation when there is no economic growth in the model.
Návaznosti
| TD03000121, projekt VaV |
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