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Wachstum durch das Nadelöhr begrenzter Budgets
Klein, Rolf - Volkswirtschaftliche Fakultät, … - 2011
The interplay between supply and demand in the context of growth processes is examined. It is demonstrated that economic development is also significantly influenced by demand under classic, exchange-based hypotheses. Growth assumes that economic operators are willing to change the composition...
Persistent link: https://www.econbiz.de/10009647381
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Optimal Fiscal Policy in an Economy Facing Socio-Political Instability
Le, Quan - Economics Department, Claremont McKenna College - 2000
We present a model of optimal government policy when policies may exacerbate socio-political instability (SPI). We show that the optimal policy that takes into account SPI transforms a standard concave growth model into a model with both a poverty trap and endogenous growth. The predictions of...
Persistent link: https://www.econbiz.de/10005150895
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Growth of Government And The Politics of Fiscal Policy
Ghate, Chetan; Zak, Paul J. - Economics Department, Claremont McKenna College
U.S. government expenditures increased rapidly during the post-war period, then slowed in the 1980s and began falling in 1992. To examine the dynamics of the growth and subsequent reduction in government spending, we present a dynamic general equilibrium model in which politicians choose...
Persistent link: https://www.econbiz.de/10005150903
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Knowledge Diffusion through Employee Mobility
Franco, April Mitchell; Filson, Darren - Economics Department, Claremont McKenna College - 2000
In high-tech industries, one important method of diffusion is through employee mobility: many of the entering firms are started by employees from incumbent firms using some of their former employers' technological know-how. This paper explores the effect of incorporating this mechanism in a...
Persistent link: https://www.econbiz.de/10005150904
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The Welfare State, Thresholds, and Economic Growth
Fic, Tatiana; Ghate, Chetan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2004
Can a growing welfare state induce a regime switch in the growth rate of an econ-omy? This paper constructs a dynamic political economy model of economic growth and the welfare state in which both variables are non-linearly related and jointly en-dogenous. Using a Markov switching framework over...
Persistent link: https://www.econbiz.de/10004963650
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Optimal Fiscal Policy in an Economy Facing Socio-Political Instability
Ghate, Chetan; Le, Quan Vu; Zak, Paul J. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002
We present a model of optimal government policy when policy choices may exacerbate socio-political instability (SPI). We show that optimal policy that takes into account SPI transforms a standard concave growth model into a model with both a poverty trap and endogenous growth. The resulting...
Persistent link: https://www.econbiz.de/10004963664
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The Politics of Endogenous Growth
Ghate, Chetan; Zak, Paul J. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2003
Is it politically feasible for governments to engineer endogenous growth? This paper illustrates two reasonable political decision mechanisms by which fiscal policy generates endogenous growth with a single accumulable factor, under a constant returns to scale production technology, and without...
Persistent link: https://www.econbiz.de/10004963675
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Transitional Dynamics in a Growth Model with Distributive Politics
Ghate, Chetan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005
This paper constructs a heterogenous agent model of endogenous distribution and growth. When the labor leisure choice … initial distribution of capital in the steady state. There is complete equality and every household's preferred tax rate … long run. These results extend the model of endogenous distribution and growth in Das and Ghate (2004) in two ways. First …
Persistent link: https://www.econbiz.de/10004963865
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Endogenous Distribution, Politics and Growth
Das, Satya; Ghate, Chetan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002
). We construct a heterogenous-agent framework in which both growth and the distribution of wealth are endogenous. Due to … adjustments in the distribution of wealth, the composition of factor ownership across households equalizes in the long run. This … that leads to a more equitable wealth distribution unambiguously reduces growth in the long run. …
Persistent link: https://www.econbiz.de/10004963878
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Transitional Dynamics in a Growth Model with Distributive Politics
Ghate, Chetan - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006
This paper constructs a dynamic analysis of the growth and distribution models of Das and Ghate (2004) and Alesina and … majority voting determines the extent of distribution, and thus, a relationship between inequality and growth. The general …
Persistent link: https://www.econbiz.de/10005765284