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  • "This paper reconsiders the political economy approach to growth and distribution according to which (1) rising inequality induces more government redistribution; (2) more government redistribution is financed by higher distortionary taxation; and (3) higher distortionary taxes reduce economic growth. We present a variety of theoretical arguments demonstrating that all three propositions may be overturned by simply changing an assumption in a plausible way or adding a relevant real-world element to the basal models. The political economy models of growth and distribution, as well as the specific inequality-growth transmission channel they propose, must therefore be assessed as overly simplistic and inadequate with respect to the issues studied." (author's abstract) (xsd:string)
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  • 2003 (xsd:gyear)
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  • 2003 (xsd:gyear)
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  • en (xsd:string)
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  • The political economy of growth and distribution: a theoretical critique (xsd:string)
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  • Arbeitspapier (xsd:string)
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  • urn:nbn:de:0168-ssoar-234135 ()
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  • 111 (xsd:string)