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https://hdl.handle.net/10419/39484
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DC Field | Value | Language |
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dc.contributor.author | Chakrabarty, Debajyoti | en |
dc.date.accessioned | 2010-09-01T09:46:51Z | - |
dc.date.available | 2010-09-01T09:46:51Z | - |
dc.date.issued | 2002 | - |
dc.identifier.uri | http://hdl.handle.net/10419/39484 | - |
dc.description.abstract | The paper studies the relationship between inequality and economic growth.This is done in a two sector model of endogenous growth with agents characterizedby heterogeneity of factor endowments. The private sector consists of a large numberof competitive ¯rms who produce the only ¯nal good in the economy. This goodis both consumable as well as accumulable. The government is seen to produce aproductive factor interpreted as infrastructure. Infrastructure is both nonrival andaccumulable. Infrastructural services °ow into the production of infrastructuralstocks as well as the ¯nal good. Capital used for infrastructural production is¯nanced by the government by taxing capital income. The choice of the growthrate is determined by the tax rate on capital income. We study the choice of theeconomy's growth rate under a median voter democracy. The results show thatinequality of the distribution of capital does not hamper growth. | en |
dc.language.iso | eng | en |
dc.publisher | |aRheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI) |cBonn | en |
dc.relation.ispartofseries | |aZEI Working Paper |xB 28-2002 | en |
dc.subject.jel | O41 | en |
dc.subject.jel | H54 | en |
dc.subject.jel | H41 | en |
dc.subject.jel | D61 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Endogenous growth | en |
dc.subject.keyword | Infrastructure | en |
dc.subject.keyword | Nonrival input | en |
dc.subject.keyword | Welfare | en |
dc.subject.keyword | Political equilibrium | en |
dc.subject.stw | Neue Wachstumstheorie | en |
dc.subject.stw | Infrastruktur | en |
dc.subject.stw | Median Voter | en |
dc.subject.stw | Einkommensverteilung | en |
dc.subject.stw | Theorie | en |
dc.title | Inequality, politics and economic growth | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 825540135 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:zeiwps:B282002 | en |
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