states as real spending growth fell. In unitary states that fell into a debt crisis after 2009, the central government failed … economic conditions. In fact, our results call for tighter controls on expenditure growth during goods times and better …

The Paper studies the effects and the determinants of interregional redistribution in a model of residential and … redistribution always leads to the divergence of regional policies and per capita incomes. Thus, interregional redistribution …

accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so …

corruption, we show how adding corruption to a textbook exogenous growth model leads to a Lucas paradox. When income and …

This paper constructs a model where redistribution, determined by a political equilibrium, is in the form of public … education. Public education is favourable for growth because it increases the level of human capital and at the same time it …. The main results are that for a given structure of political rights, more inequality may be good for growth if it implies …

widespread social unrest and revolution. Political transition, rather than redistribution under existing political institutions … political equilibria and acts as a commitment to redistribution. Our theory also offers a novel explanation for the Kuznets … curve in many Western economies during this period, with the fall in inequality following redistribution due to …

and economic growth. Individuals (who differ in abilities) live for two periods, working when young and owning capital … lower pollution tax, a larger capital tax, and lower growth. …