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A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...
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mechanism through which the pressure for redistribution can be highly non linear therefore providing an explanation as to … long run. -- growth ; Community formation ; human capital ; redistribution ; social mobility …
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mechanism through which the pressure for redistribution can be highly non linear therefore providing an explanation as to why …
Persistent link: https://www.econbiz.de/10014127229
inequality induces more government redistribution; (2) more government redistribution is financed by higher distortionary …
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impact of vote-buying on growth. We consider a model with a poverty trap where redistribution can promote growth. We show …
Persistent link: https://www.econbiz.de/10003762209
“the rich are powerful and they dont like taxes, hence we have little taxation and little redistribution.” That is a good … taxation and non-negligible redistributive efforts. But in some of those cases such redistribution comes hand in hand with … outcomes (including the degree of redistribution and others). We postulate that each configuration of social outcomes emerges …
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