Rehme, Günther (2009)
Endogenous (Re-)Distributive Policies and Economic Growth: A Comparative Static Analysis.
Report, Erstveröffentlichung
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: | 2009 |
| Autor(en): | Rehme, Günther |
| Art des Eintrags: | Erstveröffentlichung |
| Titel: | Endogenous (Re-)Distributive Policies and Economic Growth: A Comparative Static Analysis |
| Sprache: | Englisch |
| Publikationsjahr: | 2009 |
| Ort: | Darmstadt |
| Reihe: | Darmstadt Discussion Papers in Economics |
| Band einer Reihe: | 185 |
| URL / URN: | http://tuprints.ulb.tu-darmstadt.de/4742 |
| 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 |
| URN: | urn:nbn:de:tuda-tuprints-47429 |
| Zusätzliche Informationen: | JEL - Classification : O4, D3, H2; Erstellt Mai 2007 |
| Sachgruppe der Dewey Dezimalklassifikatin (DDC): | 300 Sozialwissenschaften > 330 Wirtschaft |
| 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: | 31 Jan 2016 20:57 |
| Letzte Änderung: | 25 Okt 2023 09:45 |
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