This paper analyzes the interplay of growth, (re-)distribution and policies when the latter are set exogenously or when … the latter depend on economically important fundamentals. A redistribution policy generally causes lower growth, but less … growth. The paper shows that the long-run cross-country relationship between growth and endogenous policy is generally not …

utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution …This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity … determined distribution (along classical lines). Second, it responds to some recent criticism by Girardi and Pariboni (2019). I …

utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution …This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity … determined distribution (along classical lines). Second, it responds to some recent criticism by Girardi and Pariboni (2019). I …

utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution …This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity … determined distribution (along classical lines). Second, it responds to some recent criticism by Girardi and Pariboni (2019). I …

division of land led to a more equal distribution of land; other potential drivers of growth are smooth at the boundary and …What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical … right-shifted skill, income, and wealth distribution. Higher top incomes and top wealth in equal division areas coincide …

division of land led to a more equal distribution of land; other potential drivers of growth are smooth at the boundary and …What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical … right-shifted skill, income, and wealth distribution. Higher top incomes and top wealth in equal division areas coincide …

, thus, endogenous. Conditioning on factor accumu- lation in growth regressions that also include endogenous policy variables … may then be problematic. When policy is endogenous the measured ef- fects of policy on growth will generally be biased …- cal viewpoint. The paper argues that regressing growth on policy may still yield important information if policy …