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This article describes a model that shows the economic effects of political structure. Four structures are examined: dictatorship, individual enterprise, individual enterprise with tax redistribution, and anarchism. The dependent variables are total output and its distribution
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To explain the relationship between income inequality and economic growth, we develop a computational model of … endogenous growth by taking the effects of fixed government expenditure into account. With such a model, a non …-linear relationship between level of income inequality and economic growth rate is identified and shown to be consistent with empirical …
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The distributions of income and wealth in countries across the world are found to possess some robust and stable features independent of the specific economic, social and political conditions of the countries. We discuss a few physics-inspired multi-agent dynamic models along with their...
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