Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39484
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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 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.-
dc.language.isoengen_US
dc.publisher|aZEI |cBonnen_US
dc.relation.ispartofseries|aZEI working paper |xB 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.type|aWorking Paperen_US
dc.identifier.ppn825540135en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zeiwps:B282002-

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