Benhabib and Farmer [3] showed that a single sector growth model in the presence of increasing returns-to-scale may display an indeterminate equilibrium if the demand and supply curves cross with the "wrong slopes". We generalize their result to a model with preferences that are non-separable in...

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...

This Chapter reviews various interactions between the distribution of income across individuals and factors of production on the one hand, and aggregate savings, investment, and macroeconomic growth on the other.

This paper provides an analysis relating economic growth, human capital composition, income distribution and public education policies.

This paper presents an alternative way of studying teh relationship among factors' inequality, growth and technological progress, heavily based on industrial production data.

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.

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...

This paper argues that in a growing economy unemployment can be the cause of goods markets failures, even if these are purely transitory. As the economy grows, new firms wish to enter products are accepted on the market, which we model as a purely transitory demand shock. It may take some time,...

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.

This article shows that endogeneous growth in capital is compatible with a cecreasing rate of interest when investment is entirely financed by the earnings of the young and when there is an externality effect of capital on the productivity of their labour. And despite the presence of this...