scholarly journals Distributional Effects of Technological Regime Changes: Hysteresis, Concentration and Inequality Dynamics

2021 ◽  
Author(s):  
Herbert Dawid ◽  
Jasper Hepp
Author(s):  
Herbert Dawid ◽  
Jasper Hepp

AbstractIn this paper, we study the effect of different types of technological regime changes on the evolution of industry concentration and wage inequality. Using a calibrated agent-based macroeconomic framework, the Eurace@Unibi model, we consider scenarios where the new regime is characterized by a finite time period of more frequent respectively more substantial changes in the frontier technology compared to the old regime. We show that under both scenarios, the regime change leads to an increase in the heterogeneity of productivity in the firm population and to increased market concentration, where effects are much less pronounced if the new regime differs from the old one with respect to the frequency of innovations. If the new regime is characterized by an increase of the size of the frontier jumps along the technological trajectory, the evolution of the wage inequality has an inverted U-shape with a large fraction of workers profiting in the very long run from high wages offered by dominant high-tech firms. Finally, it is shown that (observable) heterogeneity of worker skills plays an important role in generating these dynamic effects of technological regime changes.


10.1596/30162 ◽  
2018 ◽  
Author(s):  
Alan Fuchs ◽  
Giselle Del Carmen

Author(s):  
Stephan Haggard ◽  
Robert R. Kaufman

From the 1980s through the first decade of the twenty-first century, the spread of democracy across the developing and postcommunist worlds transformed the global political landscape. What drove these changes and what determined whether the emerging democracies would stabilize or revert to authoritarian rule? This book takes a comprehensive look at the transitions to and from democracy in recent decades. Deploying both statistical and qualitative analysis, the book engages with theories of democratic change and advocates approaches that emphasize political and institutional factors. While inequality has been a prominent explanation for democratic transitions, the book argues that its role has been limited, and elites as well as masses can drive regime change. Examining seventy-eight cases of democratic transition and twenty-five cases of reversion to autocracy since 1980, the book shows how differences in authoritarian regimes and organizational capabilities shape popular protest and elite initiatives in transitions to democracy, and how institutional weaknesses cause some democracies to fail. The determinants of democracy lie in the strength of existing institutions and the public's capacity to engage in collective action. There are multiple routes to democracy, but those growing out of mass mobilization may provide more checks on incumbents than those emerging from intra-elite bargains. Moving beyond well-known beliefs regarding regime changes, this book explores the conditions under which transitions to democracy are likely to arise.


2002 ◽  
Vol 66 (1) ◽  
pp. 202 ◽  
Author(s):  
M. Tejedor ◽  
C. C. Jiménez ◽  
F. Díaz

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