Muinelo, Leonel; Roca-Sagalés, Oriol - Departament d'Economia Aplicada, Universitat Autònoma … - 2011
diminishes economic growth while reducing inequality, being public investment the only fiscal policy that may break this trade … estimate two individual equations explaining growth and inequality in order to assess the incidence of different fiscal … policies. Firstly, our approach considers imposing orthogonal assumptions between growth and inequality in both equations, and …