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Redistribution and Economic Growth in Integrated Economies

Rehme, Günther :
Redistribution and Economic Growth in Integrated Economies.
[Online-Edition: http://tuprints.ulb.tu-darmstadt.de/4785]
In: Darmstadt Discussion Papers in Economics , 141 . Darmstadt
[Report] , (2004)

Offizielle URL: http://tuprints.ulb.tu-darmstadt.de/4785

Kurzbeschreibung (Abstract)

Many theoretical models show that redistribution causes low growth or capital outflows even though empirically redistribution and growth are often found to be positively associated across countries. This paper argues that tax competition and the danger of capital outflows leads optimizing governments to pursue high growth, no redistribution policies in technologically similar economies. However, the government of a technologically superior economy may attract foreign and domestically owned capital and may have relatively higher GDP growth and more resources for redistribution than in a closed economy. Thus, redistributing governments may have a relatively stronger interest in technological advance or high economic integration. The results imply that one may well observe a positive association between redistribution and growth across countries.

Typ des Eintrags: Report
Erschienen: 2004
Autor(en): Rehme, Günther
Titel: Redistribution and Economic Growth in Integrated Economies
Sprache: Englisch
Kurzbeschreibung (Abstract):

Many theoretical models show that redistribution causes low growth or capital outflows even though empirically redistribution and growth are often found to be positively associated across countries. This paper argues that tax competition and the danger of capital outflows leads optimizing governments to pursue high growth, no redistribution policies in technologically similar economies. However, the government of a technologically superior economy may attract foreign and domestically owned capital and may have relatively higher GDP growth and more resources for redistribution than in a closed economy. Thus, redistributing governments may have a relatively stronger interest in technological advance or high economic integration. The results imply that one may well observe a positive association between redistribution and growth across countries.

Reihe: Darmstadt Discussion Papers in Economics
Band: 141
Ort: Darmstadt
Freie Schlagworte: Growth; Redistribution; Tax Competition; Capital Mobility
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
Offizielle URL: http://tuprints.ulb.tu-darmstadt.de/4785
URN: urn:nbn:de:tuda-tuprints-47856
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JEL - Classification: O4, H21, D33, C72, C21, F21

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