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An agent-based model of trickle-up growth and income inequality
Palagi, Elisa; Napoletano, Mauro; Roventini, Andrea; … - 2021
projects associated with different productivity growth rates. Access to investment projects also depends on credit availability … that aggregate dynamics is affected by income distribution. Moreover, we show that the model features a trickle-up growth … dynamics. Redistribution towards poorer households raises aggregate demand and is beneficial for the income growth of all …
Persistent link: https://www.econbiz.de/10012584308
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The political U : new evidence on democracy and income
Campos, Nauro; Coricelli, Fabrizio; Frigerio, Marco - 2022
This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U-shaped: "intermediate" political regimes significantly lead to inferior economic...
Persistent link: https://www.econbiz.de/10013412764
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Cambridge and neo-Kaleckian growth and distribution theory : comparison with an application to fiscal policy
Palley, Thomas I. - In: Review of Keynesian economics 1 (2013) 1, pp. 79-104
Persistent link: https://www.econbiz.de/10009716305
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The effect of income distribution and fiscal policy on growth, investment, and budget balance : the case of Europe
Obst, Thomas; Onaran, Özlem; Nikolaidi, Maria - 2017
This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government …
Persistent link: https://www.econbiz.de/10011924544
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Distributional effects of growth and public expenditures in Africa : estimates for Tanzania and Rwanda
Almánzar, Miguel; Torero, Máximo - In: World development : the multi-disciplinary … 95 (2017), pp. 177-195
Persistent link: https://www.econbiz.de/10011761682
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Productive government spending and its consequences for the growth-inequality tradeoff
Getachew, Yoseph Y.; Turnovsky, Stephen J. - In: Research in economics : an international review of economics 69 (2015) 4, pp. 621-640
Persistent link: https://www.econbiz.de/10011556710
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The correlates of declining income inequality among emerging and developing economies during the 2000s
Anderson, Edward - In: World development : the multi-disciplinary … 152 (2022), pp. 1-16
Persistent link: https://www.econbiz.de/10013188372
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Income inequality, growth and elite taxation in Brazil : new evidence combining survey and fiscal data, 2001–2015
Morgan, Marc - 2018
cent to 34.4 per cent. Despite strong average income growth, the poorest 50 per cent only made moderate gains, which came … income of the bottom that matters more than its growth. We show that the role of the personal income tax in regulating …
Persistent link: https://www.econbiz.de/10011892706
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Public investment when capital is back : distributional effects of heterogeneous saving behavior
Mattauch, Linus; Edenhofer, Ottmar; Klenert, David; … - 2014
We study the impact of heterogeneous saving behavior on the distributional effects of public investment. A capital tax is levied to finance productive public capital in an economy with two types of households: high income households who save dynastically and middle income households who save for...
Persistent link: https://www.econbiz.de/10010260036
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Public debt consolidation and its distributional effects
Varthalitis, Petros; Sakkas, Stelios - 2019
We build a dynamic general equilibrium model with heterogeneous households, namely Rich and Poor, and capital skill complementarity structure in the production function, to study aggregate and distributional implications of fiscal consolidation policies when the government uses a rich set of...
Persistent link: https://www.econbiz.de/10012029011