Rehme, Günther (2007)
Endogenous (Re-)Distributive Policies and Economic Growth: A Comparative Static Analysis.
Report, Bibliographie
Kurzbeschreibung (Abstract)
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 so when there is technological progress. The model implies that high (endogenous) tax rates may not necessarily imply low growth. The paper shows that the longrun cross-country relationship between growth and endogenous policy is generally not clear-cut. But this relies on conditions that can be used for identification in empirical research. The paper also argues that workers benefit more from technical progress than capital owners, even though inequality might and growth would rise.
| Typ des Eintrags: | Report |
|---|---|
| Erschienen: | 2007 |
| Autor(en): | Rehme, Günther |
| Art des Eintrags: | Bibliographie |
| Titel: | Endogenous (Re-)Distributive Policies and Economic Growth: A Comparative Static Analysis |
| Sprache: | Englisch |
| Publikationsjahr: | Mai 2007 |
| Ort: | Darmstadt |
| Reihe: | Darmstadt Discussion Papers in Economics |
| Band einer Reihe: | 185 |
| URL / URN: | http://econstor.eu/bitstream/10419/32082/1/538465484.PDF |
| Kurzbeschreibung (Abstract): | 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 so when there is technological progress. The model implies that high (endogenous) tax rates may not necessarily imply low growth. The paper shows that the longrun cross-country relationship between growth and endogenous policy is generally not clear-cut. But this relies on conditions that can be used for identification in empirical research. The paper also argues that workers benefit more from technical progress than capital owners, even though inequality might and growth would rise. |
| Freie Schlagworte: | Growth, Distribution, Endogenous Policy |
| Zusätzliche Informationen: | JEL - Classification : O4, D3, H2 |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Wirtschaftstheorie |
| Hinterlegungsdatum: | 26 Aug 2009 13:25 |
| Letzte Änderung: | 03 Jun 2018 21:23 |
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