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 … policies that target aggregates generate balanced growth and are Pareto optimal. Policies chosen by the median voter also …

This paper constructs a heterogenous agent model of endogenous distribution and growth. When the labor leisure choice … equals the growth maximizing tax rate. There is no distributive con.ict in the long run. When the labor leisure choice of …, the tax rate under majority voting is less than the growth maximizing tax rate which leads to distributive con.ict in the …

This paper generalizes the analysis of distributive conflict, politics, and growth developed by by Alesina-Rodrik (1994 …). We construct a heterogenous-agent framework in which both growth and the distribution of wealth are endogenous. Due to … implies that the optimal tax rate is the same for all households and equals the growth maximizing tax rate. Hence, there is no …

This paper constructs a dynamic analysis of the growth and distribution models of Das and Ghate (2004) and Alesina and … capital income chosen in a political equilibrium is lower than the growth maximizing tax rate. This slows growth down, but for … a very different reason than in Alesina and Rodrik (1994). Here, unanimity holds, and slower growth comes together with …

In comparison to the standard literature on inequality and growth which assumes the former to be exogenous, we … formulate a model in which inequality and growth are both endogenous. Furthermore, long-run distribution, at least locally, is … primarily targeted towards growth and foster less inequality do enhance growth. But those that are primarily redistributive and …

This paper constructs a heterogenous agent model of endogenous distribution and growth. When the labor leisure choice … equals the growth maximizing tax rate. There is no distributive con.ict in the long run. When the labor leisure choice of … households is less than the growth maximizing tax rate. We identify the intuition behind this result. Our results also extend the …

This paper generalizes the analysis of distributive conflict, politics, and growth developed by Alesina-Rodrick (1994 …). We construct a heteregenous-agent framework in which both growth and the distribution of wealth are endogenous. Due to … implies that the optiomal tax rate is the same for all households and equals the growth maximizing tax rate. Hence, there is …

distribution, the tax rate and growth evolve endogenously over time. When voting occurs over a tax on capital, we show that the … growth rate is maximized at the political equilibrium in the long run. When voting occurs over a general income tax, we show … that the growth rate is maximized at the political equilibrium in both the short and long run. These results suggest that …

This paper illustrates two reasonable political decision mechanisms by which fiscal policy generates endogenous growth … policy choices, we demonstrate that policies that maximize capital deepening generate balanced growth and are Pareto optimal …. In contrast, policies chosen by the median voter produce balanced growth, but are suboptimal. …