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Many theoretical models show that redistribution causes low growth or capital outflows even though empirically … redistribution and growth are often found to be positively associated across countries. This paper argues that tax competition and … the danger of capital outflows leads optimizing governments to pursue high growth, no redistribution policies in …
Persistent link: https://www.econbiz.de/10010262989
In this paper education simultaneously affects growth and income inequality. More education does not necessarily … then decrease growth as well as income inequality, when measured by the Gini coefficient. There is no clear functional … relationship between growth and measured income inequality. The model identifies regimes of this relationship which depend …
Persistent link: https://www.econbiz.de/10010266863
, thus, endogenous. Conditioning on factor accumu- lation in growth regressions that also include endogenous policy variables … may then be problematic. When policy is endogenous the measured ef- fects of policy on growth will generally be biased …- cal viewpoint. The paper argues that regressing growth on policy may still yield important information if policy …
Persistent link: https://www.econbiz.de/10010266867
In dieser Arbeit wird ein Überblick über einige Kernaussagen der ''Neuen Wachstumstheorie'' über den Zusammenhang von Wissen und wirtschaftlicher Entwicklung gegeben. Ausgehend von der ''neoklassischen'' Wachstumstheorie wird die Bedeutung von Wissen in Prototypen endogenen Wachstums der...
Persistent link: https://www.econbiz.de/10010266882
This paper analyzes the interplay of growth, (re-)distribution and policies when the latter are set exogenously or when … the latter depend on economically important fundamentals. A redistribution policy generally causes lower growth, but less … growth. The paper shows that the long-run cross-country relationship between growth and endogenous policy is generally not …
Persistent link: https://www.econbiz.de/10010266883
Many models show that redistribution is bad for growth. This paper argues that in a non-cooperative world optimizing … and lower GDP growth than 'left-left' competition. Efficiency differences allow for higher GDP growth and more … redistribution than one's opponent. Irrespective of efficiency differences, however, 'left-wing' governments have higher GDP growth …
Persistent link: https://www.econbiz.de/10010266894
be zero in the long run. In a neoclassical growth model a capital income cum investment subsidy tax, which is not …
Persistent link: https://www.econbiz.de/10010267070
partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined … income data from the Luxembourg Income Study suggests that there is a negative relationship between growth and income …
Persistent link: https://www.econbiz.de/10010315431
This paper analyzes the link between growth and public policy when the latter depends on economically important … fundamentals. When policy is endogenous the measured effects of policy on growth will generally be biased. Using a widely quoted … theoretical model, the signs of the biases are derived. It is shown that the usually reported effects on growth of tax rate …
Persistent link: https://www.econbiz.de/10010323047
Many theoretical models show that redistribution causes low growth or capital outflows even though empirically … redistribution and growth are often found to be positively associated across countries. This paper argues that tax competition and … the danger of capital outflows leads optimizing governments to pursue high growth, no redistribution policies in …
Persistent link: https://www.econbiz.de/10008587211