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This paper investigates the trade-off between growth and distribution in open economies. In closed economies redistribution seems to reduce growth. I show that in open economies tax competition leads redistributing (left-wing) governments to mimic 'right-wing' policies if capital mobility is...
Persistent link: https://www.econbiz.de/10005744252
This paper provides an analysis relating economic growth, human capital composition, income distribution and public education policies.
Persistent link: https://www.econbiz.de/10005744368
This paper offers a supply-side explanationof the cross-country variation in long-run growth and inequality. In the model human capital is "lumpy" and public education directly affects growth, the number of high-skilled people and wages.
Persistent link: https://www.econbiz.de/10005697672
In an infinite-horizon, endogenous growth model a capital income cum investment subsidy tax is considered to investigate if distribution of income towards the non-accumulated factor of production (labour) retards growth and if capital income taxes are bad instruments to finance investment...
Persistent link: https://www.econbiz.de/10005697722
Many theoretical model show that redistribution causes low growth. However, cross-country regressions often suggest that growth is positively related to redistribution. This paper analyzes that puzzle in an open economy framework.
Persistent link: https://www.econbiz.de/10005697733