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dc.contributor.authorChakrabarty, Debajyotien_US
dc.date.accessioned2010-09-01T09:46:51Z-
dc.date.available2010-09-01T09:46:51Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/39484-
dc.description.abstractThe paper studies the relationship between inequality and economic growth. This is done in a two sector model of endogenous growth with agents characterized by heterogeneity of factor endowments. The private sector consists of a large number of competitive ¯rms who produce the only ¯nal good in the economy. This good is both consumable as well as accumulable. The government is seen to produce a productive factor interpreted as infrastructure. Infrastructure is both nonrival and accumulable. Infrastructural services °ow into the production of infrastructural stocks as well as the ¯nal good. Capital used for infrastructural production is ¯nanced by the government by taxing capital income. The choice of the growth rate is determined by the tax rate on capital income. We study the choice of the economy's growth rate under a median voter democracy. The results show that inequality of the distribution of capital does not hamper growth.-
dc.language.isoengen_US
dc.publisherZEI Bonnen_US
dc.relation.ispartofseriesZEI working paper B 28-2002en_US
dc.subject.jelO41-
dc.subject.jelH54-
dc.subject.jelH41-
dc.subject.jelD61-
dc.subject.ddc330en_US
dc.subject.keywordEndogenous growth-
dc.subject.keywordInfrastructure-
dc.subject.keywordNonrival input-
dc.subject.keywordWelfare-
dc.subject.keywordPolitical equilibrium-
dc.subject.stwNeue Wachstumstheorieen_US
dc.subject.stwInfrastrukturen_US
dc.subject.stwMedian Voteren_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwTheorieen_US
dc.titleInequality, politics and economic growthen_US
dc.typeWorking Paperen_US
dc.identifier.ppn36282780Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zeiwps:B282002-
Appears in Collections:ZEI Working Papers, Zentrum für Europäische Integrationsforschung, Universität Bonn

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