This paper investigates the trickle-down consumption effect and the moderating effect of
digital finance in China. Three realistic patterns motivate this study; trickle-down …

In this era, the global COVID-19 pandemic has hit the economy hard. In the context of great
challenges to sustainable economic development, it is of great practical significance to study …

Four alarming stylized facts have recently emerged in the United States:(a) a decline in the
labor share of income;(b) a decline in labor productivity;(c) an increase in the top 1% wealth …

We analyze the effect of subsidies on firm R&D, conditional on firms' access to external
financing during the financial crisis when access to external financing was particularly …

We study a two-class model of growth and the distribution of income and wealth at the
intersection of contemporary work in classical political economy and post-Keynesian …

As an important component of gross domestic product, expanded consumer spending is
essential for promoting economic growth. To provide a realistic basis to support effective …

This study investigates the contribution of Islamic banks and Islamic windows to the growth
of the Nigerian economy. Data were obtained using structured questionnaires. 379 copies of …

This paper develops a Schumpeterian growth model with considering consumption and
leisure externalities. The main purpose of this study is to investigate the effect of patent …

Which households are more exposed to financial risk and to what extent is their debt
systemically relevant? To provide an answer, we advance a new classification of the …

This study employs a neoclassical growth model to investigate the impact of consumption
externalities on the distribution of wealth. It also jointly accounts for heterogeneity in the …