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Institut für Volkswirtschaftslehre, Technische Universität Darmstadt >
Darmstadt Discussion Papers in Economics, Inst. f. VWL, TU Darmstadt >
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http://hdl.handle.net/10419/22524
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| Title: | | Redistribution and Economic Growth in Integrated Economies  |
| Authors: | | Rehme, Günther |
| Issue Date: | | 2004 |
| Series/Report no.: | | Darmstadt discussion papers in economics 141 |
| Abstract: | | Many theoretical models show that redistribution causes low growth or capital outflows even though empirically redistribution and growth are often found to be positively associated across countries. This paper argues that tax competition and the danger of capital outflows leads optimizing governments to pursue high growth, no redistribution policies in technologically similar economies. However, the government of a technologically superior economy may attract foreign and domestically owned capital and may have relatively higher GDP growth and more resources for redistribution than in a closed economy. Thus, redistributing governments may have a relatively stronger interest in technological advance or high economic integration. The results imply that one may well observe a positive association between redistribution and growth across countries. |
| Subjects: | | Growth Redistribution Tax Competition Capital Mobility |
| JEL: | | C72 D33 F21 C21 O4 H21 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Darmstadt Discussion Papers in Economics, Inst. f. VWL, TU Darmstadt
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