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Transitional Dynamics in a Growth Model with Distributive Politics

Ghate, Chetan - 2006

This paper constructs a dynamic analysis of the growth and distribution models of Das and Ghate (2004) and Alesina and … majority voting determines the extent of distribution, and thus, a relationship between inequality and growth. The general …

Persistent link: https://www.econbiz.de/10010263569

The Political Economy of Infrastructure Investment in India

Ghate, Chetan - 2007

there as on why per capita income across Indian states have diverged is because of the distribution of infrastructure …

Persistent link: https://www.econbiz.de/10010263574

Endogenous distribution, politics, and growth

Das, Satya Prasanna; Ghate, Chetan - 2002

). We construct a heterogenous-agent framework in which both growth and the distribution of wealth are endogenous. Due to … adjustments in the distribution of wealth, the composition of factor ownership across households equalizes in the long run. This … that leads to a more equitable wealth distribution unambiguously reduces growth in the long run. …

Persistent link: https://www.econbiz.de/10010272268

The Political Economy of Infrastructure Investment in India

Ghate, Chetan - Max-Planck-Institut für Ökonomik <Jena> - 2007

We construct a simple political economy model with imperfect capital markets to explain infrastructure investements across Indian states. The model predicts that: i) the fixed cost of accessing the modern sector, ii) the initial stock of infrastructure, iii) median voter weath, and iv)...

Persistent link: https://www.econbiz.de/10005864665

Optimal fiscal policy in an economy facing socio-political instability

Ghate, Chetan; Le, Quan Vu; Zak, Paul J. - 2002

We present a model of optimal government policy when policy choices may exacerbate socio-political instability (SPI). We show that optimal policy that takes into account SPI transforms a standard concave growth model into a model with both a poverty trap and endogenous growth. The resulting...

Persistent link: https://www.econbiz.de/10011437000

Endogenous distribution, politics, and growth

Das, Satya P.; Ghate, Chetan - 2002

Persistent link: https://www.econbiz.de/10011437002

The politics of endogenous growth

Ghate, Chetan; Zak, Paul J. - 2003

Is it politically feasible for governments to engineer endogenous growth? This paper illustrates two reasonable political decision mechanisms by which fiscal policy generates endogenous growth with a single accumulable factor, under a constant returns to scale production technology, and without...

Persistent link: https://www.econbiz.de/10011437196

Growth of government and the politics of fiscal policy

Ghate, Chetan; Zak, Paul J. - 2000 - This version April 14, 2000

U.S. government expenditures increased rapidly during the post-war period, then slowed in the 1980s and began falling in 1992. To examine the dynamics of the growth and subsequent reduction in government spending, we present a dynamic general equilibrium model in which politicians choose...

Persistent link: https://www.econbiz.de/10011566079

Endogenous growth through government policy

Ghate, Chetan; Zak, Paul J. - 2000

This paper illustrates two reasonable political decision mechanisms by which fiscal policy generates endogenous growth under a constant returns to scale production technology, absent externalities. Based on the dynamics induced by various policy choices, we demonstrate that policies that...

Persistent link: https://www.econbiz.de/10011566456

Optimal fiscal policy in an economy facing socio-political instability

Le, Quan Vu - 2000

We present a model of optimal government policy when policies may exacerbate socio-political instability (SPI). We show that the optimal policy that takes into account SPI transforms a standard concave growth model into a model with both a poverty trap and endogenous growth. The predictions of...

Persistent link: https://www.econbiz.de/10011566542