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Persistent link: https://www.econbiz.de/10009760477
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Chamley (1986) and Judd (1985) showed that, in a standard neoclassical growth model with capital accumulation and infinitely lived agents, either taxing or subsidizing capital cannot be optimal in the steady state. In this paper, we introduce innovation-led growth into the Chamley-Judd...
Persistent link: https://www.econbiz.de/10012459575
Chamley (1986) and Judd (1985) showed that, in a standard neoclassical growth model with capital accumulation and infinitely lived agents, either taxing or subsidizing capital cannot be optimal in the steady state. In this paper, we introduce innovation-led growth into the Chamley-Judd...
Persistent link: https://www.econbiz.de/10013063823
Chamley (1986) and Judd (1985) showed that, in a standard neoclassical growth model with capital accumulation and infinitely lived agents, either taxing or subsidizing capital cannot be optimal in the steady state. In this paper, we introduce innovation-led growth into the Chamley-Judd...
Persistent link: https://www.econbiz.de/10013063825
In this paper we use cross-state panel data to show that top income inequality is (at least partly) driven by … inequality in cross-state panel regressions. Two distinct instrumentation strategies suggest that this correlation (partly …) reflects a causality from innovativeness to top income inequality, and the effect is significant: for example, when measured by …
Persistent link: https://www.econbiz.de/10013021154
Inequality has increased in many of the transition economies. At the same time, spending on education has declined. In … effect of different policy choices on the path of inequality over the transition. We show that the policies selected in … Central Europe engender a relatively rapid spike in inequality but with a Kuznets curve. In the simulations that broadly …
Persistent link: https://www.econbiz.de/10014189962
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