This paper investigates the redistributive effects of taxation on occupational choice and growth. We discuss a two … industry. While the presence of entrepreneurial risk results in a suboptimally low number of firms and depresses growth …

triggering redistributive cycles which then give rise to a nonlinear, cyclical pattern of growth and savings rates over time …This paper discusses the emergence of endogenous redistributive cycles in a stochastic growth model with incomplete … (1996) and ties the bias in the distribution of political power to the degree of inequality in the society, thereby …

This paper advances a dynamic simultaneous equation panel framework to re-examine the determinants of economic growth … in a large cross-country data set. Besides caputring the simultaneity of the potential determinants of economic growth … cross-country growth data, including heterogeneity and cross-sectional dependence. Evidence shall be adduced as to which (if …