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Public Expenditure Distribution, Voting, and Growth [PDF]

SSRN Electronic Journal, 2010
In this paper, we study why the misallocation of resources across different productive sectors tends to persist over time. To this end, we propose a general equilibrium model that delivers two structural relations. On one hand, the public expenditure distribution influences the future sectoral composition of the economy.
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Income Distribution and Growth

1978
It followed from the discussions in Chapter 2 that four main problems were associated with Ricardo’s theory, namely (1) There was no satisfactory solution of the income distribution problem. This problem was solved by Sraffa as was discussed in Chapter 3.
Bertil Näslund, Bo Sellstedt
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HUMAN CAPITAL DISTRIBUTION, GROWTH AND TRADE

Bulletin of Economic Research, 2012
ABSTRACTDistribution differences in human capital matter for a country's growth and trade. While the existing literature considers only the diversity difference in talent distribution, we argue that the kurtosis difference is also an important factor.
Lee, Cheng-Te, Huang, Deng-Shing
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Growth, Distribution, and Inflation

Journal of Post Keynesian Economics, 1982
As is well known, the warranted rate of capital accumulation is unstable. This rate is defined by the equality of aggregate demand, I/s (where 1/s is the multiplier), to aggregate supply, K/v (where 1/v is the productivity of the capital stock), and v is assumed constant, so that fixed coefficients prevail.
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GOODWIN CYCLES, DISTRIBUTIONAL CONFLICT AND PRODUCTIVITY GROWTH [PDF]

Metroeconomica, 2011
ABSTRACTA combination of an investment‐driven macroeconomy and a conflict‐determined income distribution gives cyclical behavior. Models of wage–price inflation can be nested in the Goodwinian tradition. Endogenous technical change has ambiguous effects on equilibrium: Kaldor–Verdoorn effects increase the wage share's responsiveness to changes in ...
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Empirics for growth and distribution [PDF]

, 1997
This paper studies cross-country patterns of economic growth from the viewpoint of income distribution dynamics. Such a perspective raises new empirical and theoretical issues in growth analysis: the profound empirical regularity is an \emerging twin peaks" in the cross-sectional distribution, not simple patterns of convergence or divergence. The theo-
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Income Distribution and Growth

1990
The relationship between income distribution and the level and growth of national income has been studied intensively in the recent literature. However, the main concern of this literature has been with the influence of income levels on the inequality of income distribution.
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Economic Growth and Distribution

1977
Great efforts have been made during the late decades to develop micro and macro, economic theories of growth. We shall review some of them here as a brief introduction to the formal analysis.
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Political Equilibrium, Income Distribution, and Growth

The Review of Economic Studies, 1993
This paper analyzes the impact of income distribution on growth when investment in human capital is the source of growth and individuals vote over the degree of redistribution in the economy. The model has three main features. First, very different patterns of income distribution are conducive to high growth at different levels of per capita income ...
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Endogenous Fertility, Income Distribution, and Growth

Journal of Economic Growth, 1999
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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