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The reflections in this article stem from Andreatta’s 1958 analysis on Income distribution and capital accumulation, in the form of a stylized interpretation of his thought as a political economist. His theoretical analyses are reinterpreted with particular attention to the effects of...
Persistent link: https://www.econbiz.de/10010786833
The reflections in this article stem from Andreatta’s 1958 analysis on Income distribution and capital accumulation, in the form of a stylized interpretation of his thought as a political economist. His theoretical analyses are reinterpreted with particular attention to the effects of...
Persistent link: https://www.econbiz.de/10010571183
between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … (economic growth). Our findings for the Associations of Southeast Asian Nations (ASEAN), People Republic of China and India (ACI …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U …
Persistent link: https://www.econbiz.de/10010531112
Vulnerability to scarcity or to reduction of natural capital depends on defensive substitution possibilities that, in turn, are affected by the availability of other productive factors. However, in several developing countries asset distribution tends to be highly skewed. Taking into ac- count...
Persistent link: https://www.econbiz.de/10008700108
Vulnerability to scarcity or to reduction of natural capital depends on defensive substitution possibilities that, in turn, are affected by the availability of other productive factors. However, in several developing countries asset distribution tends to be highly skewed. Taking into account...
Persistent link: https://www.econbiz.de/10012723910
relationship between inequality and growth, the role of agriculture in the development process, the relationships between ethnicity …
Persistent link: https://www.econbiz.de/10010249771
hypotheses about the causes of structural change: differences in the growth rates of aggregate factor supplies, sectoral … differences in total factor productivity growth, and the differences between commodities in expenditure elasticities of demand …
Persistent link: https://www.econbiz.de/10015374293
We provide a North-South Schumpeterian growth model endogenously generating demand-driven patterns of vertical intra … and challengers, and by extension the long-run growth rate. We then investigate the impact of within-region redistribution …-run growth. We particularly find that a larger income gap within regions contributes to lowering growth and increasing the inter …
Persistent link: https://www.econbiz.de/10010734577
This paper analyzes the effects of personal income tax progressivity on long-run economic growth, income inequality and … effects (lower GDP growth and lower income inequality); and welfare effects (lower dispersion of consumption across … individuals and higher leisure levels, but also lower growth of future consumption). The social discount factor proves to be …
Persistent link: https://www.econbiz.de/10010503356
Starting from a review of the main strands of orthodox and heterodox distribution and growth models and their … variant of heterodox distribution and growth theories, we develop a simple modelling framework in which we can treat these … presented drawing on the relationship between the rate of profit and the rate of growth, as well as on the consideration of one …
Persistent link: https://www.econbiz.de/10011449878